s. 104 (5) Where such an assignment for value was made before the commencement of the Act 1928, then on the exercise by the tenant for life after such commencement of any of the powers conferred by this Act— (a) a purchaser shall not be concerned to see or inquire whether the consent of the assignee has been obtained; and (b) the provisions of paragraph (a) of the last preceding subsection shall apply for the benefit of the assignee. (6) A trustee or personal representative who is an assignee for value shall have power to consent to the exercise by the tenant for life of his powers under this Act, or to any such investment or application of capital moneys as aforesaid, and (subject to subsection (13) of this section) to bind by such consent all persons interested in the trust estate, or the estate of the testator or intestate. (7) If by the original assignment, or by any subsequent disposition, the estate or interest assigned or created by the original assignment, or any part thereof, or any derivative interest is settled on persons in succession, whether subject to any prior charge or not, and there is no trustee or personal representative in whom the entirety of the estate or interest so settled is vested, then the person for the time being entitled in possession under the limitations of that settlement, whether as trustee or beneficiary, or who would, if of full age, be so entitled, and notwithstanding any charge or incumbrance subsisting or to arise under such settlement, shall have power to consent to the exercise by the tenant for life of his powers under this Act, or to any such investment or application of capital money as aforesaid, and (subject to subsection (13) of this section) to bind by such
(5) Where such an assignment for value was made before the commencement of the Act 1928, then on the exercise by the tenant for life after such commencement of any of the powers conferred by this Act— (a) a purchaser shall not be concerned to see or inquire whether the consent of the assignee has been obtained; and s. 104 (b) the provisions of paragraph (a) of the last preceding subsection shall apply for the benefit of the assignee. (6) A trustee or personal representative who is an assignee for value shall have power to consent to the exercise by the tenant for life of his powers under this Act, or to any such investment or application of capital moneys as aforesaid, and (subject to subsection (13) of this section) to bind by such consent all persons interested in the trust estate, or the estate of the testator or intestate. (7) If by the original assignment, or by any subsequent disposition, the estate or interest assigned or created by the original assignment, or any part thereof, or any derivative interest is settled on persons in succession, whether subject to any prior charge or not, and there is no trustee or personal representative in whom the entirety of the estate or interest so settled is vested, then the person for the time being entitled in possession under the limitations of that settlement, whether as trustee or beneficiary, or who would, if of full age, be so entitled, and notwithstanding any charge or incumbrance subsisting or to arise under such settlement, shall have power to consent to the exercise by the tenant for life of his powers under this Act, or to any such investment or application of capital money as aforesaid, and (subject to subsection (13) of this section) to bind by such
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