Section 4

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. Subsection (1) applies to a trust whether it is created, or arises, before or after the commencement of this Act. Subsection (1) does not affect any liability incurred by trustees before that commencement.

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