Hong Kong Ordinances

TRUSTEE ORDINANCE - SECT 13

Power of trustees for sale to sell by auction, etc.

PART III

GENERAL POWERS OF TRUSTEES AND PERSONAL REPRESENTATIVES

General Powers

(1) Where a trust for sale or a power of sale of property is vested in a
trustee, he may sell or concur with any other person in selling all or any
part of the property, either subject to prior charges or not, and either
together or in lots, by public auction or by private contract, subject to any
such conditions respecting title or evidence of title or other matter as the
trustee thinks fit, with power to vary any contract for sale, and to buy in at
any auction, or to rescind any contract for sale and to resell, without being
answerable for any loss.

(2) A trust or power to sell or dispose of land includes a trust or power to
sell or dispose of part thereof, whether the division is horizontal, vertical,
or made in any other way. [cf. 1925 c. 19 s. 12 U.K.]