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CHIEF RENTS REDEMPTION (IRELAND) ACT 1864 - SECT 3

Application of price of redemption whether paid in money or in land, where owner of rent has only a limited estate therein.

3. In case the owner of such rent shall have only a limited estate therein, if
the price agreed to be paid for the redemption thereof shall be a sum of money
in gross it shall be paid to the trustees appointed by the deed or instrument
whereby the estate or interest of such owner of rent shall be limited, or to
the trustees to be appointed when necessary by the Landed Estates Court as
herein-after mentioned, for application in the manner herein-after mentioned,
and if the price shall be land it shall be conveyed to and held by such
trustees in lieu of the said rent, subject to the same trusts, limitations,
and charges as the rent had previously been subject to.

© 1864 Crown Copyright

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