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Section 66. Trust with power of sale, etc., how expressed - Property Registration Decree (PD 1529)

Section 66. Trust with power of sale, etc., how expressed of Property Registration Decree (PD 1529). Section 66. Trust with power of sale, etc., how expressed. If the instrument creating or declaring a trust or other equitable interest contains a

  • Subjects 9 Bar syllabus groups
  • Codals 48 Primary legal sources

Property Registration Decree (PD 1529)

Section 66. Trust with power of sale, etc., how expressed. If the instrument creating or declaring a trust or other equitable interest contains an express power to sell, mortgage or deal with the land in any manner, such power shall be stated in the certificate of title by the words "with power to sell", or "power to mortgage", or by apt words of description in case of other powers. No instrument which transfers, mortgages or in any way deals with registered land in trust shall be registered, unless the enabling power thereto is expressly conferred in the trust instrument, or unless a final judgment or order of a court of competent jurisdiction has construed the instrument in favor of the power, in which case a certified copy of such judgment or order may be registered.

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