TASIn ForceAct
Settled Land Act 1884
30Application of Act to money in hands of trustees under a settlement
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30 Application of Act to money in hands of trustees under a settlement
Where, under a settlement, money is in the hands of trustees, and is liable to be laid out in the purchase of land to be made subject to the settlement, then, in addition to such powers of dealing therewith as the trustees have independently of this Act, they may, at the option of the tenant for life, invest or apply the same as capital money arising under this Act.