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#constitution #equity #law
In Timpson’s Executors v Yerbury, Romer LJ said that equitable interests could be disposed of by their owner in four ways (see 4.4 above).Note that a settlor may confer on a trustee the power to create new equitable interests by declaring new trusts for persons within the ambit of the power: such declarations fall outside LPA, s 53(1)(c) but if land is involved will fall within s 53(1)(b).
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