# Trusts of Land and Appointment of Trustees Act 1996, Section 5: Implied trusts for sale as trusts of land.


(1) Schedule 2 has effect in relation to statutory provisions which impose a trust for sale of land in certain circumstances so that in those circumstances there is instead a trust of the land (without a duty to sell).
(2) Section 1 of the Settled Land Act 1925 does not apply to land held on any trust arising by virtue of that Schedule (so that any such land is subject to a trust of land).

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Source: https://www.legislation.gov.uk/ukpga/1996/47/section/5 (the official version)
Page: https://openlegislation.uk/trusts-of-land-and-appointment-of-trustees-act-1996/section-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.