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SALES OF REVERSIONS ACT 1867
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CAP. IV.
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An Act to amend the Law relating to Sales of Reversions. [7th December 1867.]
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‘WHEREAS it is expedient to amend the Law, as administered in Courts of Equity, with respect to Sales of Reversions:’
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Be it enacted by the Queen’s most Excellent Majesty, by and with the Advice and Consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the Authority of the same, as follows:
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No Purchase, made bonâ fide, of Reversionary Interests to be set aside merely on the Ground of Undervalue.
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1. No Purchase, made bonâ fide and without Fraud or unfair Dealing, of any Reversionary Interest in Real or Personal Estate shall hereafter be opened or set aside merely on the Ground of Undervalue.
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Interpretation of “Purchase.”
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2. The Word “Purchase” in this 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.
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Commencement of Act.
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3. This Act shall come into operation on the First Day of January One thousand eight hundred and sixty-eight, and shall not apply to any Purchase concerning which any Suit shall be then depending.
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