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LANDS CLAUSES CONSOLIDATION ACT 1845 - SECT 77

Upon payment or deposit being made the lands to vest in the promoters upon a deed poll being executed.

77. Upon any [such payment or deposit] of money as last aforesaid being
made... it shall be lawful for the promoters of the undertaking, if they think
fit, to execute a deed poll, under their common seal if they be a corporation,
or if they be not a corporation under the hands and seals of the said
promoters, or any two of them, containing a description of the lands in
respect whereof [such payment or deposit] shall have been made, and declaring
the circumstances under which and the names of the parties to whose credit
[such payment or deposit] shall have been made, and such deed poll shall be
stamped with the stamp duty which would have been payable upon a conveyance to
the promoters of the undertaking of the lands described therein; and thereupon
all the estate and interest in such lands of the parties for whose use and in
respect whereof such purchase money or compensation shall have been [paid or
deposited] shall vest absolutely in the promoters of the undertaking, and as
against such parties they shall be entitled to immediate possession of such
lands.

© 1845 Crown Copyright

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