Section 40 Regulations respecting exchanges.
(1)
Save as in this Part of this Act provided, every exchange shall be made for the best consideration in land or in land and money that can reasonably be obtained.
(2)
An exchange may be made subject to any stipulations respecting title, or evidence of title, or other things.
(3)
Settled land in England or Wales shall not be given in exchange for land out of England and Wales.
Notes on Part II
Modifications
- C1
Part II saved by Trafalgar Estates Act 1947 (c. 34), s. 2(3) and Leasehold Reform Act 1967 (c. 88), s. 6(4); extended by Forestry Act 1967 (c. 10), s. 5(4), Sch. 2 para. 1