Protection of third parties
21 Protection of third parties
Where a power has been revoked, a transaction between the donee of the power and another person shall be as valid and effectual, in favour of that latter person, as if the power had not been revoked:
unless the latter person has actual notice of the revocation of the power; or
if the power has been created by an instrument which has been registered:
and the transaction is a dealing in relation to land (a lease for a period of not more than one year excepted) – unless an instrument revoking the power has been registered; or
in any other case – unless a period of 30 days from the registration of an instrument revoking the power has elapsed.
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.