6Vesting of certain trust property on the appointed day

6 Vesting of certain trust property on the appointed day

6 Vesting of certain trust property on the appointed day

(1) Any property that, immediately before the appointed day—

(a) was vested in the Company, or

(b) was vested in any other person in trust for the Church,

is, on that day, divested from the Company or that other person and is, to the extent that it was so vested, vested (without conveyance) in the Trust.

(2) The vesting of the property in the Trust does not affect—

(a) any reservation, mortgage, charge, encumbrance, lien or lease that affected the property, or

(b) any trust on which the property was held,

immediately before the vesting of the property.

(3) No attornment to the Trust by any lessee of land vested in it by this section is necessary.

(4) An instrument executed only for—

(a) the purpose of giving effect to this section, or

(b) a purpose ancillary to, or consequential on, the operation of this section,

is exempt from stamp duty.