Trusts of Land Act (Cap. 290).

This Act makes provision for trusts for purposes of sale of land, for powers of trustees for the sale of land and for other matters relative to the sale of land through the instrument of trust.The Act consists of 58 sections divided into 8 Parts.The Act introduces two forms of trusts for sale of land: an implied trust for sale and a statutory trust for sale. "Land" includes land of any tenure, and mines and minerals, buildings thereon and other immovable property and includes also a rent, easement, right, privilege or benefit in, over or derived from land, and any estate or interest in land. Apart from the power of sale and exchange of land under trust, a trustee may, among other things, at conditions laid down by the present Act: give the land in lease; grant mining rights separately from a lease; grant an option to purchase or take a lease of the land; grant easements; and cut and sell timber from the land. Trustees may, under certain conditions, delegate powers conferred upon them.