235Application of income of land under trust for sale

235 Application of income of land under trust for sale (1) The net rents and profits of land under a disposition on trust for sale must, after paying the costs of repairs properly payable out of income, insurance, and other outgoings, be paid or applied in the same way as the income of investments made from the sale price of the land would have been payable or applicable if the land had been sold and the proceeds invested other than in the purchase of land. (2) This section applies subject to any contrary intention in the disposition or in a settlement of proceeds of sale under the disposition.