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TRUSTEE ACT (NORTHERN IRELAND) 1958 - SECT 13

Power to sell subject to depreciatory conditions and under.

13.(1) No sale made by a trustee shall be impeached by any beneficiary upon
the ground that any of the conditions subject to which the sale was made may
have been unnecessarily depreciatory, unless it also appears that the
consideration for the sale was thereby rendered inadequate.

(2) No sale made by a trustee shall, after the execution of the conveyance, be
impeached as against the purchaser upon the ground that any of the conditions
subject to which the sale was made may have been unnecessarily depreciatory,
unless it appears that the purchaser was acting in collusion with the trustee
at the time when the contract for sale was made.

(3) No purchaser, upon any sale made by a trustee, shall be at liberty to make
any objection against the title upon any of the grounds aforesaid.

(4) A trustee who is either a vendor or a purchaser may sell or buy without
excluding the application of section two of the
Vendor and Purchaser Act, 1874.

(5) This section applies to sales and purchases made before or after the
commencement of this Act.

© 1958 Crown Copyright

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