6Effect of repeal of Statute of Uses

6 Effect of repeal of Statute of Uses (1) Subject to subsection (2), on the commencement of this Act an equitable interest in land is only capable of being validly created if an equivalent equitable interest in real or personal property could have been validly created before the commencement. (2) An interest in land that could, under the Statute of Uses, have been created as a legal interest is, on the commencement of this Act, capable of being created as an equitable interest only. (3) If a voluntary conveyance is executed after the commencement of this Act, a resulting trust for the grantor is not to be implied only because the property is not expressed to be conveyed for the use or benefit of the grantee.