sec.254Conveyance of property sold before commencement on terms of deferred payment

sec.254 Conveyance of property sold before commencement on terms of deferred payment

This section applies if— before the commencement, a trustee sold property on terms of deferred payment under the repealed Act, section 37; and immediately before the commencement, the balance of the purchase money and any interest payable on the balance of the purchase money under that section had not been paid. The repealed Act, section 37 continues to apply in relation to the sale as if this Act had not been enacted. (sec.254-ssec.1) This section applies if— before the commencement, a trustee sold property on terms of deferred payment under the repealed Act, section 37; and immediately before the commencement, the balance of the purchase money and any interest payable on the balance of the purchase money under that section had not been paid. (sec.254-ssec.2) The repealed Act, section 37 continues to apply in relation to the sale as if this Act had not been enacted.

• (a) before the commencement, a trustee sold property on terms of deferred payment under the repealed Act, section 37; and
• (b) immediately before the commencement, the balance of the purchase money and any interest payable on the balance of the purchase money under that section had not been paid.