27C

Purchaser under a trust for sale

In force

(1)

A trust for sale shall, so far as regards the safety and protection of any purchaser, be deemed to subsist notwithstanding any lapse of time until the property is conveyed to or under the direction of the persons interested in the proceeds of sale, and in the case of land until the conveyance is duly registered.

(2)

Nothing in this section shall prevent any court from making an order restraining a sale.

(3)

This section applies to trusts created and to the execution thereof either before or after the commencement of this Act.

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