Victorian Consolidated Legislation

Property Law Act 1958 - SECT 31

Duration of trusts for sale

31. Duration of trusts for sale

Where land has, either before or after the commencement of this Act, become
subject to an express or implied trust for sale, such trust shall, so far as
regards the safety and protection of any purchaser thereunder, be deemed to be
subsisting until the land has been conveyed to or under the direction of the
persons interested in the proceeds of sale. This section shall apply to sales
whether made before or after the commencement of this Act, but operates
without prejudice to an order of any court restraining a sale.