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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
© 1911 Crown Copyright
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