Section 53 Property and Conveyancing Law of the Western Region of Nigeria 1959

Section 53 of the Property and Conveyancing Law of the Western Region of Nigeria 1959 is about General power for the trustees for sale to effect any transaction under an order of the court. It provides as follows:

(1) Any transaction affecting or concerning the trust land, or any part thereof,
or any other land (not being a transaction otherwise authorised by this Law or by the settlement) which in the opinion of the court would be for the benefit of the trust land, or any part thereof, or the persons interested under the settlement, may, under an order of the court, be effected by the trustees for sale, if it is one which could have been validly effected by an absolute owner.

(2) In this section “transaction” includes any sale, exchange, assurance, lease,
surrender, reconveyance, release, reservation, or other disposition, and any purchase or other acquisition, and any covenant, contract, or option, and any application of capital money, and any compromise or other dealing, or arrangement; and “effected” has the meaning appropriate to the particular transaction; and the references to land include references to restrictions and burdens affecting land.