NTIn ForceAct
Trustee Act 1893
15Power to sell subject to depreciating conditions
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15 Power to sell subject to depreciating conditions
(1) No sale made by a trustee shall be impeached by any beneficiary
upon the ground that any of the conditions subject to which the sale
was made may have been unnecessarily depreciatory, unless it
also appears that the consideration for the sale was thereby
rendered inadequate.
(2) No sale made by a trustee shall, after the execution of the
conveyance, be impeached as against the purchaser upon the
ground that any of the conditions subject to which the sale was
made may have been unnecessarily depreciatory, unless it appears
that the purchaser was acting in collusion with the trustee at the
time when the contract for sale was made.
(3) No purchaser, upon any sale made by a trustee, shall be at liberty
to make any objection against the title upon the ground aforesaid.
(4) This section applies only to sales made after the commencement of
this Act.
Various powers and liabilities