Schedule 3, paragraph 4(7)

For section 24 substitute— The persons having power to appoint new trustees of land shall be bound to appoint the same persons (if any) who are for the time being trustees of any trust of the proceeds of sale of the land. A purchaser shall not be concerned to see that subsection (1) of this section has been complied with. This section applies whether the trust of land and the trust of proceeds of sale are created, or arise, before or after the commencement of this Act.

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