Section Sch4-350A — Trusts Act 2019: Vesting order consequential on order for sale or mortgage of land

350A Vesting order consequential on order for sale or mortgage of land (1) This section applies if a court gives a judgment or makes an order directing the sale or mortgage of any land. (2) A person described in subsection (3) is deemed to be entitled to, or to have an interest in, as the case may be, the land as a trustee. (3) The person is a person who— (a) either— (i) is entitled to, or who has any interest in, the land; or (ii) has any contingent right in the land; and (b) is a party to the proceeding to which the judgment or order relates or is otherwise bound by the judgment or order. (4) The court may make an order vesting the land or any part of the land for any estate or interest that the court thinks fit in the purchaser or mortgagee or in any other person. Compare: 1956 No 61 s 55