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An Act to make new provision about trusts of land including provision phasing out the Settled Land Act 1925, abolishing the doctrine of conversion and otherwise amending the law about trusts for sale of land; to amend the law about the appointment and retirement of trustees of any trust; and for connected purposes. Citation: 1996 c. 47: Dates
English: An Act to make new provision about trusts of land including provision phasing out the Settled Land Act 1925, abolishing the doctrine of conversion and otherwise amending the law about trusts for sale of land; to amend the law about the appointment and retirement of trustees of any trust; and for connected purposes.
Trusts are usually created by a settlor, who gives assets to one or more trustees who undertake to use the assets for the benefit of beneficiaries. As in contract law no formality is required to make a trust, except where statute demands it (such as when there are transfers of land or shares, or by means of wills). To protect the settlor ...
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Trusts of Land and Appointment of Trustees Act 1996 (c. 47) The primary aim of the Settled Land Acts 1882 to 1890 was, as Lord Halsbury stated in Bruce v. Ailesbury , [ 1 ] "to release the land from the fetters of the settlement – to render it a marketable article not withstanding the settlement".
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After the War, the focus returned to the reform of the system of land law. A committee was appointed in 1919, headed by Sir Leslie Scott, to report to the Lord Chancellor on land transfer. [2] This Lands Requisition Committee proposed a bill, which was introduced to Parliament in 1920 by Lord Birkenhead. This became law on 29 June 1922 and was ...