OpenLegislation

Paragraph 2

England and Wales

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Where any interests are to be vested in the nominee purchaser by virtue of a vesting order, then on his paying into court the appropriate sum in respect of each of those interests there shall be executed by such person as the court may designate a conveyance which—

(a)

is in a form approved by F1the appropriate tribunal, and

(b)

contains such provisions as may be so approved for the purpose of giving effect to the relevant terms of acquisition.

(2)

The conveyance shall be effective to vest in the nominee purchaser the interests expressed to be conveyed, subject to and in accordance with the terms of the conveyance.

Annotations

Textual amendments

F1

Words in Sch. 5 para. 2(1)(a) substituted (1.7.2013) by The Transfer of Tribunal Functions Order 2013 (S.I. 2013/1036), art. 1, Sch. 1 para. 125 (with Sch. 3)

Notes on Schedule 5

Commencement

I1

Sch. 5 wholly in force at 1.11.1993 see s. 188(2) and S.I. 1993/2134, art. 5