Paragraph 6
Section 1 of the M1Reverter of Sites Act 1987 (right of reverter replaced by trust for sale) is amended as follows.
In subsection (2)—
after “a trust” insert “ for the persons who (but for this Act) would from time to time be entitled to the ownership of the land by virtue of its reverter with a power, without consulting them, ”, and
for the words “upon trust” onwards substitute “ in trust for those persons; but they shall not be entitled by reason of their interest to occupy the land. ”
In subsection (3), for the words “trustees for sale” substitute “ trustees ”.
In subsection (4), for the words “on trust for sale” substitute “ in trust ”.
In accordance with the amendments made by this paragraph, in the sidenote, for “trust for sale” substitute “ trust ”.
The amendments made by this paragraph apply whether the trust arises before or after the commencement of this Act.
Annotations
Marginal citations
- M1