Section 28

any rent, covenant or agreement reserved by or contained in any lease;

any rent, covenant or agreement payable under or contained in any grant made in consideration of a rentcharge; or

any indemnity given in respect of any rent, covenant or agreement mentioned in paragraph (a) or (b).

satisfies all liabilities under the lease or grant which may have accrued and been claimed, up to the date of any conveyance mentioned in paragraph (c); and

where necessary, sets apart a sufficient fund to answer any future claim that may be made in respect of any fixed and ascertained sum which the lessee or grantee agreed to lay out on the property demised or granted, although the period for laying out the same may not have arrived,then and in any such case the personal representative or trustee —

may convey the property demised or granted to a purchaser, legatee, devisee, or other person entitled to call for a conveyance of the property; and

may then distribute the residuary estate of the deceased testator or intestate, or (as the case may be) the trust estate (other than the fund, if any, set apart as referred to in paragraph (b)) to or among the persons entitled to it, without appropriating any part, or any further part (as the case may be) of the estate of the deceased or of the trust estate to meet any future liability under the lease or grant.

operates without affecting the right of the lessor or grantor, or the persons deriving title under the lessor or grantor, to follow the assets of the deceased or the trust property into the hands of the persons among whom the same may have been respectively distributed; and

applies despite anything to the contrary in the will or other instrument (if any) creating the trust.