Section 27 of Land Registration Act 2012: Transfer without valuable consideration

    

1) A proprietor who has acquired land, a lease or a charge by transfer without valuable consideration shall hold it subject to—
(a) any unregistered rights or interests subject to which the transferor held it;
(b) the law relating to Bankruptcy; and
(c) the winding-up provisions of the Companies Act, Cap. 486.
(2) Notwithstanding subsection (1), the transfer when registered, shall have the same effect as a transfer for valuable consideration.


Disclaimer: This document is not to be taken as legal advise.

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