| Implied trusts for sale as trusts of land. | |
|
5. -- (1)
Schedule 2
has effect in relation to statutory provisions which impose a trust for sale of land in certain circumstances so that in those circumstances there is instead a trust of the land (without a duty to sell). | |
| 1925 c. 18. | (2) Section 1 of the Settled Land Act 1925 does not apply to land held on any trust arising by virtue of that Schedule (so that any such land is subject to a trust of land). |