2 Conveyances overreaching certain equitable interests and powers

2  Conveyances overreaching certain equitable interests and powers

(1)     A conveyance to a purchaser of a legal estate in land shall overreach any equitable interest or power affecting that estate, whether or not he has notice thereof, if—

(i)     the conveyance is made under the powers conferred by the Settled Land Act 1925 or any additional powers conferred by a settlement, and the equitable interest or power is capable of being overreached thereby, and the statutory requirements respecting the payment of capital money arising under the settlement are complied with;

(ii)     the conveyance is made by [trustees of land] and the equitable interest or power is at the date of the conveyance capable of being overreached by such trustees under the provisions of sub-section (2) of this section or independently of that sub-section, and [the requirements of section 27 of this Act respecting the payment of capital money arising on such a conveyance] are complied with;

(iii)     the conveyance is made by a mortgagee or personal representative in the exercise of his paramount powers, and the equitable

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