Conveyancing Act, 1881

Trust and Mortgage Estates on Death.

Devolution of trust and mortgage estates on death.

30.(1.) Where an estate or interest of inheritance, or limited to the heir as special occupant, in any tenements or hereditaments, corporeal or incorporeal, is vested on any trust, or by way of mortgage, in any person solely, the same shall, on his death, notwithstanding any testamentary disposition, devolve to and become vested in his personal representatives or representative from time to time, in like manner as if the same were a chattel real vesting in them or him; and accordingly all the like powers, for one only of several joint personal representatives, as well as for a single personal representative, and for all the personal representatives together, to dispose of and otherwise deal with the same, shall belong to the deceased's personal representatives or representative from time to time, with all the like incidents, but subject to all the like rights, equities, and obligations, as if the same were a chattel real vesting in them or him; and, for the purposes of this section, the personal representatives, for the time being, of the deceased shall be deemed in law his heirs and assigns, within the meaning of all trusts and powers.

(3.) This section applies only in cases of death after the commencement of this Act.

[Ss. 31–38 (being Part VII.) rep. 56 & 57 Vict. c. 53. s. 51.]

VIII.—Married Women.