# Trusts of Land and Appointment of Trustees Act 1996, Paragraph 3

Extent: E+W

Where, by virtue of an instrument coming into operation after the commencement of this Act, land becomes charged voluntarily (or in consideration of marriageor the formation of a civil partnership) or by way of family arrangement, whether immediately or after an interval, with the payment of—
(a) a rentcharge for the life of a person or a shorter period, or
(b) capital, annual or periodical sums for the benefit of a person,
the instrument operates as a declaration that the land is held in trust for giving effect to the charge.

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Source: https://www.legislation.gov.uk/ukpga/1996/47/schedule/1/paragraph/3 (the official version)
Page: https://openlegislation.uk/trusts-of-land-and-appointment-of-trustees-act-1996/schedule-1/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.