Section 54 Validity of transactionsI1

(1)

A transaction between a person and the HCA is not invalid merely because of a failure by the HCA to exercise its powers for the purposes mentioned in sections 3 and 4(2).

(2)

A transaction between a person and the HCA is not invalid merely because it was carried out in contravention of a direction under section 47.

(3)

A transaction between a person and a subsidiary of the HCA is not invalid merely because of a failure by the HCA to comply with section 41(1) or (2).

(4)

A person entering into a transaction with the HCA or a subsidiary of the HCA need not be concerned as to whether—

(a)

there has been a failure of the kind mentioned in subsection (1) or (3), or

(b)

a direction of the kind mentioned in subsection (2) has been given or complied with.

(5)

A disposal of land by the HCA is not invalid merely because any consent required by section 10(1) or (3) has not been given.

(6)

A person dealing with—

(a)

the HCA, or

(b)

a person claiming under the HCA,

in relation to any land need not be concerned as to whether any consent required by section 10(1) or (3) has been given.

Annotations

Commencement

I1: S. 54 in force at 8.9.2008 by S.I. 2008/2358, art. 2(1)