Powers of Trustees, Mortgagees, etc. Act 1860
The Powers of Trustees, Mortgagees, etc. Act 1860 (23 & 24 Vict c 145), sometimes referred to as the Lord Cranworth's Act 1860,[2] was an Act of the Parliament of the United Kingdom.
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| Long title | An Act to give Trustees, Mortgagees, and others certain Powers now commonly inserted in Settlements, Mortgages and Wills. |
|---|---|
| Citation | 23 & 24 Vict c 145 |
Status: Repealed | |
The Act sought to formalise and regularise various provisions commonly included by chancery lawyers of the day in mortgages, wills and other settlements.
It is the first statute in English law to refer to receivers.[2] It was sponsored by the Lord Chancellor, Lord Cranworth.
Most of its provisions were repealed by the Conveyancing Act 1881.
References
- The citation of this Act by this short title was authorised by section 5 of, and Schedule 2 to, the Statute Law Revision Act 1948. Due to the repeal of those provisions, it is now authorised by section 19(2) of the Interpretation Act 1978.
- Medforth v Blake [2000] Ch 86 at 93H, per Scott V-C.
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