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SUCCESSION ACT 1981 - SECT 53
Effect of revocation of grant
53 Effect of revocation of grant
(1) Every person making or permitting to be made any payment or disposition in
good faith under a grant shall be indemnified and protected in so doing,
notwithstanding any defect or circumstance whatsoever affecting the validity
of the grant.
(2) All payments and dispositions made in good faith to the
personal representative named in a grant before the making or the revocation
thereof shall be a valid discharge to the person making the same; and a
personal representative who has acted under a grant which is subsequently
revoked may retain and reimburse himself or herself in respect of payments and
dispositions made by him or her which the person to whom a grant is afterwards
made might properly have made.
(3) Without prejudice to any order of the
court made before the commencement of this Act all dispositions of any
interest in property made to a purchaser in good faith by a person to whom a
grant has been made are valid notwithstanding any subsequent revocation
thereof.
(4) A personal representative who in good faith and without
negligence has sought and obtained a grant is not liable for any legacy paid
or asset distributed in good faith and without negligence in reliance on the
grant notwithstanding any subsequent revocation thereof.
(5) The personal
representative under any grant made subsequent to a grant which has been
revoked may recover any legacy paid or asset distributed (or the value
thereof) in reliance on the revoked grant from the person to whom the legacy
or asset was paid or distributed, being a legacy or asset which is not payable
or distributable to that person under the subsequent grant, but if that person
has received the payment or distribution in good faith and has so altered that
person’s position in reliance on the propriety of the payment or
distribution that, in the opinion of the court, it would be inequitable to
order the repayment of the legacy or the return of the asset or its value, the
court may make such order as it considers to be just in all the circumstances.
(6) If, while any legal proceeding is pending in any court by or against a
personal representative to whom a grant has been made, the grant is revoked,
that court may order that the proceeding be continued by or against the new
personal representative in like manner as if the same had been originally
commenced by or against the personal representative, but subject to such
conditions and variations (if any) as the court directs.
(7) For the purposes
of this section revocation includes any partial revocation by way of a
variation of the grant or otherwise.
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