SETTLED LAND ACT 1882 - SECT 35 Cutting and sale of timber, and part of proceeds to be set aside.

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SETTLED LAND ACT 1882 - SECT 35

Cutting and sale of timber, and part of proceeds to be set aside.

35.(1) Where a tenant for life is impeachable for waste in respect of timber,
and there is on the settled land timber ripe and fit for cutting, the tenant
for life, on obtaining the consent of the trustees of the settlement or an
order of the Court, may cut and sell that timber, or any part thereof.

(2) Three fourth parts of the net proceeds of the sale shall be set aside as
and be capital money arising under this Act, and the other fourth part shall
go as rents and profits.

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Northern Irish Legislation

SETTLED LAND ACT 1882 - SECT 35