For the purposes of this Act land held upon the " statutory trusts " shall be held upon the trusts and subject to the provisions following, namely, upon trust to sell the same and to stand possessed of the net proceeds of sale, after payment of costs, and of the net rents and profits until sale after payment of rates, taxes, costs of insurance, repairs, and other outgoings, upon such trusts, and subject to such powers and provisions, as may be requisite for giving effect to the rights of the persons (including an incumbrancer of, a former undivided share or whose incumbrance is not secured by a legal mortgage) interested in the land.
Section 35: Meaning of " the statutory trusts.".
Law of Property Act 1925 · 1925 c. 20View on legislation.gov.uk
This provision is repealed
It is retained for historical reference and may not reflect the law currently in force.
Part I: General Principles as to Legal Estates, Equitable Interests and Powers
REPEALED on 1997-01-01 by Trusts of Land and Appointment of Trustees Act 1996.
Source annotation(s):
The text below is the provision as originally enacted. It is historical and may not include amendments made before this status change. View the enacted source.
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Reuse reviewed 21 August 2026 under Open Government Licence v3.0.