Hong Kong Ordinances

LAND TITLES ORDINANCE - SECT 27

Voluntary transfer

not yet in operation

(1) Subject to subsection (2), the provisions of this Ordinance shall operate
in relation to the owner of registered land or a registered  charge, or the
lessee of a registered long term lease, who has acquired the land, charge or
lease by transfer without valuable consideration as if the transfer had been
for valuable consideration.

(2) The owner of registered land or a registered charge, or the lessee of a
registered long term lease, referred to in subsection (1) shall hold the land,
charge or lease subject to—

   (a)  the provisions of the Bankruptcy Ordinance ( Cap 6);

   (b)  Part V of the Companies Ordinance ( Cap 32);

   (c)  section 33(9) of the Buildings Ordinance ( Cap 123); and

   (d)  any unregistered interests (including any matter referred to in
        section 4(2) or 7(2) of Schedule 1) subject to which the immediately
        preceding transferor held the land, charge or lease.

(3) Subsection (2) shall not operate to limit, restrict, or qualify the
operation of any other provisions of this Ordinance.