PROPERTY LAW ACT 1974 - SECT 37B Property held on statutory trust for partition

PROPERTY LAW ACT 1974 - SECT 37B

37B Property held on statutory trust for partition

Property held upon the
"statutory trust for partition" shall be held upon trust—

(a) with the consent of the encumbrancee of the entirety (if any) to partition the property and to provide (by way of mortgage or otherwise) for the payment of any equality money; and

(b) upon such partition being made to give effect to the partition by assuring the property so partitioned in severalty (subject or not to any mortgage created for raising equality money) to the persons entitled under the partition;