Trusts of Land and Appointment of Trustees Act 1996
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Change 1
3 Abolition of doctrine of conversion.
(1) Where land is held by trustees subject to a trust for sale, the land is not to be regarded as personal property; and where personal property is subject to a trust for sale in order that the trustees may acquire land, the personal property is not to be regarded as land. (2) Subsection (1) does not apply to a trust created by a will if the testator died before the commencement of this Act. (3) Subject to that, subsection (1) applies to a trust whether it is created, or arises, before or after that commencement.
3 Abolition of doctrine of conversion.
(1) Where land is held by trustees subject to a trust for sale, the land is not to be regarded as personal property; and where personal property is subject to a trust for sale in order that the trustees may acquire land, the personal property is not to be regarded as land. (2) Subsection (1) does not apply to a trust created by a will if the testator died before the commencement of this Act. (3) Subject to that, subsection (1) applies to a trust whether it is created, or arises, before or after that commencement.
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