Closed level - click to open| Trusts of Land and Appointment of Trustees Act 1996 (c. 47) | |||
| Main body | |||
| Part I TRUSTS OF LAND | |||
| Consents and consultation | |||
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Consultation with beneficiaries.
— (1) The trustees of land shall in the exercise of any function relating to land subject to the trust—(a)
so far as practicable, consult the beneficiaries of full age and beneficially entitled to an interest in possession in the land, and
(b)
so far as consistent with the general interest of the trust, give effect to the wishes of those beneficiaries, or (in case of dispute) of the majority (according to the value of their combined interests).
(a)
in relation to a trust created by a disposition in so far as provision that it does not apply is made by the disposition,
(b)
in relation to a trust created or arising under a will made before the commencement of this Act, or
(c)
in relation to the exercise of the power mentioned in section 6(2).
(a)
in a case in which the trust was created by one person and he is of full capacity, by that person, or
(b)
in a case in which the trust was created by more than one person, by such of the persons who created the trust as are alive and of full capacity.
C1 | S. 11(1) excluded (1.2.2001) by 2000 c. 29, s. 13(5) (with ss. 25-27, 35, 36(4)-(8), 37, 38); S.I. 2001/49, art. 2 |
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| Version no | Start date | End date | Extent | Confers power | Blanket amendment |
|---|---|---|---|---|---|
| > 1 | 01/01/1997 | E+W | N | N |