PROPERTY LAW ACT 1958 - SECT 175 Acquisitions of reversions at an under value
PROPERTY LAW ACT 1958 - SECT 175
Acquisitions of reversions at an under value(1) No acquisition made in good faith, without fraud or unfair dealing, of any reversionary interest in real or personal property, for money or money's worth, shall be liable to be opened or set aside merely on the ground of under value.
In this subsection "reversionary interest" includes an expectancy or possibility.
(2) This section shall not affect the jurisdiction of the Court to set aside or modify unconscionable bargains.
Division 10—Miscellaneous
Corporations
No. 3754 s. 176.