Schedule 3, paragraph 4(2)

In section 2— in subsection (1), in paragraph (ii)— for the words “trustees for sale” substitute “ trustees of land ”, and for the words “the statutory requirements respecting the payment of capital money arising under a disposition upon trust for sale” substitute “ the requirements of section 27 of this Act respecting the payment of capital money arising on such a conveyance ”, after that subsection insert— An equitable interest in land subject to a trust of land which remains in, or is to revert to, the settlor shall (subject to any contrary intention) be overreached by the conveyance if it would be so overreached were it an interest under the trust. in subsection (2)— for the words “a trust for sale” substitute “ a trust of land ”, for the words “under the trust for sale or the powers conferred on the trustees for sale” substitute “ by the trustees ”, and for the words “to the trust for sale” substitute “ to the trust ”.

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Source: legislation.gov.uk · retrieved 2026-08-15