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CONVEYANCING ACT 1911 - SECT 13

Notice of trusts on transfer of mortgage.

13.(1) Where, on the transfer of a mortgage, the stamp duty, if payable
according to the amount of the debt transferred, would exceed the sum of
[50p], a purchaser shall not, by reason only of the transfer bearing a [50p]
stamp, whether adjudicated or not, be deemed to have or to have had notice of
any trust, or that the transfer was made for effectuating the appointment of a
new trustee.

(2) This section applies to transfers made before as well as after the
commencement of this Act.

S.14 rep. by SLR 1927. S.15 amends sch.3 to 1881 c.41


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© 1911 Crown Copyright

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