Part ITRUSTS OF LAND

• TOLATA 1996 s. 1 Meaning of 'trust of land' TOLATA 1996 s.1 Defines 'trust of land' in TOLATA 1996 as any trust including land, covering express, implied, resulting, constructive trusts, but excluding settled land.
• TOLATA 1996 s. 2 Ending Settled Land Act settlements Prevents creation of new settlements under the Settled Land Act 1925 and ends settled land status for public, ecclesiastical, and charitable trusts.
• TOLATA 1996 s. 3 Ending doctrine of conversion TOLATA 1996 s. 3 abolishes the doctrine of conversion, ensuring land held on trust is treated as real land, not personal property.
• TOLATA 1996 s. 4 Power to postpone sale of land - TOLATA 1996 s.4 Section 4 of TOLATA 1996 implies a power for trustees to postpone sale of land indefinitely, overriding any contrary disposition, with no liability.
• TOLATA 1996 s. 5 Implied trust for sale as trust of land – TOLATA 1996 s 5 Statutory implied trusts for sale of land become trusts of land without a duty to sell, and Settled Land Act 1925 s.1 does not apply.
• TOLATA 1996 s. 6 Powers of trustees of land Trustees of land have all the powers of an absolute owner when managing land, subject to beneficiaries' rights and legal limits under TOLATA 1996 s. 6.
• TOLATA 1996 s. 7 Section 7 TOLATA 1996: dividing co-owned land instead of selling it Section 7 TOLATA 1996 lets trustees of land partition it between beneficiaries absolutely entitled in undivided shares, with equality money and each beneficiary's consent.
• TOLATA 1996 s. 8 Exclusion and restriction of powers TOLATA 1996 s. 8: the trust instrument can exclude or restrict trustees' powers under s.6 and s.7, except for charitable, ecclesiastical or public trusts.
• TOLATA 1996 s. 9 Delegating land trustee powers Trustees of land can delegate functions to adult beneficiaries with an interest in possession by power of attorney under TOLATA 1996 s. 9.
• TOLATA 1996 s. 9A Trustee duties when delegating Trustees delegating powers under section 9 must exercise a duty of care, review revocable delegations, and intervene or revoke when appropriate.
• TOLATA 1996 s. 10 Consent requirements for trust land In favour of a purchaser, consent from any two named persons suffices if a trust requires more, and parents act for minors. TOLATA 1996 s. 10.
• TOLATA 1996 s. 12 Right to occupy trust land TOLATA 1996 s. 12 gives a beneficiary with an interest in possession a right to occupy trust land if held for that purpose, unless unavailable or unsuitable.
• TOLATA 1996 s. 13 Exclude co-owners & pay occupation rent Under TOLATA 1996 s. 13, trustees may restrict occupation rights and require occupying beneficiaries to pay outgoings, expenses, or compensation.
• TOLATA 1996 s. 14 Force house sale or declare interest Under TOLATA 1996 s. 14, trustees or interest holders can apply for court orders on trustee functions or declaring property interests. No trustee removal.
• TOLATA 1996 s. 15 Intentions, minor welfare, creditors TOLATA 1996 s. 15 lists section 14 factors: creator intent, trust purpose, minor welfare, secured creditors, plus beneficiary wishes in specified applications.
• TOLATA 1996 s. 17 Applies s.14 to proceeds of sale trusts – TOLATA 1996 s.17 TOLATA 1996 s. 17 applies s.14 (court orders) to trusts of proceeds of sale of land, including proceeds from disposition of land held in trust.
• TOLATA 1996 s. 18 How trust rules apply to executors Applies Part I trustee powers to personal representatives handling estate land, while explicitly excluding consent, consultation, and section 14 applications.