International Trusts Order, 2000 · As enacted · Part III
15. Powers of trustees to sell by auction or private contract
Official textFrom Attorney General's Chambers, unchanged
Where a trust for sale or a power of sale of property is vested in trustees, they may have the full powers of beneficial owners absolutely entitled to effect such a sale, including full power to postpone sale of any part for so long as they shall think fit, and including, without limitation, power to sell or concur with any other persons in selling all or any part of the property, either subject to prior charges or not and either together or in lots, by public auction or by private contract, subject to any such conditions respecting title or evidence of title or other matters as the trustees think fit with power to vary any contract for sale, and to buy in at any auction or to rescind any contract for sale and to resell, without being answerable for any loss.
trust
"trust" means an international trust except where the context otherwise requires;
Terms defined in s 2
property
Defined · s 2"property" includes - {a} money, goods, chases in action, land and every descriptions of property1 whether movable or immovable; and (b} obligations, easements and every description of estate, interest and profit, present or future, vested or contingent, arising out of, or incident to, any property as defined in paragraph {a}; 1141 17th. JULY, 2000
trust
Defined · s 2"trust" means an international trust except where the context otherwise requires;
Part IV
Protections and Indemnities of Trustees
Part VI
Part VII
Powers of the Court
Part VIII
Authorised Purpose Trusts
Part IX
Part X
Additional Provisions
Part XI