SCHEDULE 2 Transitional Provisions affecting Existing Settlements
Settled Land Act 1925 (1925 c 18) | Legislation

SCHEDULE 2 Transitional Provisions affecting Existing Settlements

Section 37

Paragraph 1
Provisions for vesting legal estate in Tenant for Life or Statutory Owner

1

(1)     A settlement subsisting at the commencement of this Act is for the purposes of this Act, a trust instrument.

(2)     As soon as practicable after the commencement of this Act, the trustees for the purposes of this Act of every settlement of land subsisting at the commencement of this Act (whether or not the settled land is already vested in them), may and on the request of the tenant for life or statutory owner, shall at the cost of the trust estate, execute a principal vesting deed (containing the proper statements and particulars) declaring that the legal estate in the settled land shall vest or is vested in the person or persons therein named (being the tenant for life or statutory owner, and including themselves if they are the statutory owners), and such deed shall (unless the legal estate is already so vested) operate to convey or vest the legal estate in the settled land to or in the person or persons aforesaid and, if more than one, as joint tenants.

(3)     If there

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