Sales of Reversions Law Amendment Act 1884 No 40a (NSW)
No. XXIII.
An Act to Amend the Law relating* to Sales
A m en d m en t .
| of | Reversions, | October | ̂1884.] |
"ITTIIEREAS it is expedient to amend tlio law as administered in Preamble.
| f V | Courts of Equity witli respect to sales of Reversions | Be it |
therefore enacted by the Queen’s Most Excellent Majesty by and with the advice and consent of the Legislative Council and Legislative Assembly of New South "Wales in Parliament assembled and by the authority of tlie same as follows :—
1. No purchase made bond fide semX without fraud or unfair Nopuichaso of rover-
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dealing of any reversionary interest in real or personal estate shalUmirt/'<fc to bo set aside
liereatter be ojiened or set aside merely on tlie ground ot under value, undervalue.
2. The word “ purchase” in tins Act shall include every kind of contract conveyance or assignment under or by which any beneficial interest in any kind of property may be acquired and the words “reversionary interest” shall include any estate or interest in remainder or expectancy.
8. This Act shall come into ojieration on the first day of Novem- Commcnccineut of
her next and shall not apply to any purchase concerning which any Act.
suit shall he then depending.
No. XXIV.
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