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Settled Land Act 1884
16Mortgage for money required for equality of exchange or partition
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16 Mortgage for money required for equality of exchange or partition
Where money is required for equality of exchange or partition, the tenant for life may raise the same on mortgage of the settled land, or of any part thereof, by conveyance of the fee simple, or other estate or interest the subject of the settlement, or by creation of a term of years in the settled land, or otherwise, and the money raised shall be capital money arising under this Act.