sec.71Effect of sale

### sec.71 Effect of sale When the land is sold— the trust is at an end; and all appointments of trustees are cancelled from the day the land is sold; and the buyer is entitled to have a new deed of grant issued in the buyer’s name and released from the trust but subject to other registered encumbrances that have not been released; and the Minister may appoint a person under section 74 to sell other property or assets of the trust. Section 74 is about how the Minister appoints a liquidator to wind up the affairs of a trust. - (a) the trust is at an end; and - (b) all appointments of trustees are cancelled from the day the land is sold; and - (c) the buyer is entitled to have a new deed of grant issued in the buyer’s name and released from the trust but subject to other registered encumbrances that have not been released; and - (d) the Minister may appoint a person under section 74 to sell other property or assets of the trust. Note— Section 74 is about how the Minister appoints a liquidator to wind up the affairs of a trust.