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SETTLED LAND ACT 1882 - SECT 34

Application of money paid for lease or reversion.

34. Where capital money arising under this Act is purchase money paid in
respect of a lease for years, or life, or years determinable on life, or in
respect of any other estate or interest in land less than the fee simple, or
in respect of a reversion dependent on any such lease, estate, or interest,
the trustees of the settlement or the Court, as the case may be, and in the
case of the Court on the application of any party interested in that money
may, notwithstanding anything in this Act, require and cause the same to be
laid out, invested, accumulated, and paid in such manner as, in the judgment
of the trustees or of the Court, as the case may be, will give to the parties
interested in that money the like benefit therefrom as they might lawfully
have had from the lease, estate, interest, or reversion in respect whereof the
money was paid, or as near thereto as may be.

© 1882 Crown Copyright

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