sec.174Transfer of property under vesting order

sec.174 Transfer of property under vesting order

The person in whom the trust property or other property is vested under a vesting order must, for the purpose of effecting the notification, registration or recording of the order under a requirement mentioned in section 173 (2) — produce the order to the relevant registrar or other person having the function of receiving notification of, or registering or recording, the vesting; and do any other act that is required by the relevant registrar or other person for that purpose. The vesting order, or the notification, registration or recording of the order, does not have effect as a breach of covenant or condition, or give rise to the forfeiture, of any lease or agreement for lease or other property. If the consent of a person is needed to the conveyance, transfer or assignment of any property— the vesting of the property under a vesting order is subject to the consent, unless the order otherwise provides; but the consent may be obtained after the making of the vesting order by the persons named in the order. (sec.174-ssec.1) The person in whom the trust property or other property is vested under a vesting order must, for the purpose of effecting the notification, registration or recording of the order under a requirement mentioned in section 173 (2) — produce the order to the relevant registrar or other person having the function of receiving notification of, or registering or recording, the vesting; and do any other act that is required by the relevant registrar or other person for that purpose. (sec.174-ssec.2) The vesting order, or the notification, registration or recording of the order, does not have effect as a breach of covenant or condition, or give rise to the forfeiture, of any lease or agreement for lease or other property. (sec.174-ssec.3) If the consent of a person is needed to the conveyance, transfer or assignment of any property— the vesting of the property under a vesting order is subject to the consent, unless the order otherwise provides; but the consent may be obtained after the making of the vesting order by the persons named in the order.

• (a) produce the order to the relevant registrar or other person having the function of receiving notification of, or registering or recording, the vesting; and
• (b) do any other act that is required by the relevant registrar or other person for that purpose.
• (a) the vesting of the property under a vesting order is subject to the consent, unless the order otherwise provides; but
• (b) the consent may be obtained after the making of the vesting order by the persons named in the order.