Hong Kong Ordinances

TRUSTEE ORDINANCE - SECT 14

Power to sell subject to depreciatory conditions

(1) No sale made by a trustee shall be impeached by any beneficiary upon the
ground that any of the conditions subject to which the sale was made may have
been unnecessarily depreciatory, unless it also appears that the consideration
for the sale was thereby rendered inadequate.

(2) No sale made by a trustee shall, after the execution of the conveyance, be
impeached as against the purchaser upon the ground that any of the conditions
subject to which the sale was made may have been unnecessarily depreciatory,
unless it appears that the purchaser was acting in collusion with the trustee
at the time when the contract for sale was made.

(3) No purchaser, upon any sale made by a trustee, shall be at liberty to make
any objection against the title upon any of the grounds aforesaid.

(4) This section applies to sales made before or after the commencement of
this Ordinance. [cf. 1925 c. 19 s. 13 U.K.]