For the purpose of exercising their functions as trustees, the trustees of land have in relation to the land subject to the trust all the powers of an absolute owner.
Where in the case of any land subject to a trust of land each of the beneficiaries interested in the land is a person of full age and capacity who is absolutely entitled to the land, the powers conferred on the trustees by subsection (1) include the power to convey the land to the beneficiaries even though they have not required the trustees to do so; and where land is conveyed by virtue of this subsection—
The trustees of land have power to acquire land under the power conferred by section 8 of the Trustee Act 2000.
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In exercising the powers conferred by this section trustees shall have regard to the rights of the beneficiaries.
The powers conferred by this section shall not be exercised in contravention of, or of any order made in pursuance of, any other enactment or any rule of law or equity.
The reference in subsection (6) to an order includes an order of any court or of the Charity Commission.
Where any enactment other than this section confers on trustees authority to act subject to any restriction, limitation or condition, trustees of land may not exercise the powers conferred by this section to do any act which they are prevented from doing under the other enactment by reason of the restriction, limitation or condition.
The duty of care under section 1 of the Trustee Act 2000 applies to trustees of land when exercising the powers conferred by this section.