40—Conveyances by a person to self etc
(1) Personal property,
including chattels real, may be conveyed by a person to themselves jointly
with another person by the like means by which it might be conveyed by the
person to another person.
(2) Freehold land, or
a thing in action, may be conveyed by a person to themselves jointly with
another person by the like means by which it might be conveyed by the person
to another person.
(3) A person may
convey land or any other property to themselves, or to themselves and others.
(4) Two or more
persons (whether or not being trustees or personal representatives) may
convey, and shall be deemed always to have been capable of conveying any
property vested in them to any one or more of themselves in like manner as
they could have conveyed such property to a third party: Provided that if the
persons in whose favour the conveyance is made are, by reason of any fiduciary
relationship or otherwise, precluded from validly carrying out the
transaction, the conveyance shall be liable to be set aside.