Trustees Act 1967 · 2020 Revised Edition · Part 8 · General Provisions
87. Effect of Insolvency, Restructuring and Dissolution Act 2018 on transactions at undervalue and unfair preferences
Feedback & supportLast amended by an amending law of 2018.
To avoid doubt, every settlement or disposition of property made or caused to be made on trust, before, on or 30 July 2020, that is —
property
“property” includes movable and immovable property, and any estate, share and interest in any property, movable or immovable, and any debt, and any thing in action, and any other right or interest, whether in possession or not;
a transaction at an undervalue as defined in section 361 (read with sections 363 and 364) of the Insolvency, Restructuring and Dissolution Act 2018; or
an unfair preference as defined in section 362 (read with sections 363 and 364) of the Insolvency, Restructuring and Dissolution Act 2018,is subject to the respective sections, as the case may be.
Where the person making the settlement or disposition is a body corporate, sections 224 to 227 of the Insolvency, Restructuring and Dissolution Act 2018 are to apply.