# Trusts of Land and Appointment of Trustees Act 1996, Section 4: Express trusts for sale as trusts of land.


(1) In the case of every trust for sale of land created by a disposition there is to be implied, despite any provision to the contrary made by the disposition, a power for the trustees to postpone sale of the land; and the trustees are not liable in any way for postponing sale of the land, in the exercise of their discretion, for an indefinite period.
(2) Subsection (1) applies to a trust whether it is created, or arises, before or after the commencement of this Act.
(3) Subsection (1) does not affect any liability incurred by trustees before that commencement.

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Source: https://www.legislation.gov.uk/ukpga/1996/47/section/4 (the official version)
Page: https://openlegislation.uk/trusts-of-land-and-appointment-of-trustees-act-1996/section-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.