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LANDS CLAUSES CONSOLIDATION ACT 1845 - SECT 74

Court of Chancery may direct application of money in respect of leases or reversions as they may think just.

74. Where any purchase money or compensation paid into [the Supreme Court or]
the Bank under the provisions of this or the special Act shall have been paid
in respect of any lease for a life or lives or years, or for a life or lives
and years, or any estate in lands less than the whole fee simple thereof, or
of any reversion dependent on any such lease or estate, it shall be lawful for
the Court of Chancery, on the petition of any party interested in such money,
to order that the same shall be laid out, invested, accumulated, and paid in
such manner as the said court may consider will give to the parties interested
in such money the same benefit therefrom as they might lawfully have had from
the lease, estate, or reversion in respect of which such money shall have been
paid, or as near thereto as may be.

© 1845 Crown Copyright

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