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LANDED ESTATES COURT (IRELAND) ACT 1858 - SECT 70

Power to Court to order money to be paid into Court.

70. Where any money arising from a sale under this Act is not immediately
distributable, or the parties entitled thereto cannot be ascertained, or where
from any other cause the Court may think it expedient for the protection of
the rights and interests therein, the Court at its discretion, may order such
money, or any stocks, funds, or securities in which the same may have been
invested under this Act, to be [paid into the Supreme Court or (where the case
may require) the Supreme Court of Judicature of England], in the matter of the
parties interested in the same, to be described as the Court shall think fit
and direct, in trust to attend the orders of such Courts respectively; and
the Court may by its order declare the trust affecting such money, stocks,
funds, or securities, so far as it may have ascertained the same, or state
(for the information of the respective courts) the facts or matters found by
it in relation to the rights and interests therein; [and the High Courts of
Justice], in England and Ireland respectively, may make such orders and give
such directions in relation to any such moneys, stocks, funds, or securities
as shall be so [paid into] such respective Court, as such Court or judge
respectively might make or give in relation to any trusts, moneys, stocks, or
securities paid in, transferred, or deposited under [section 63 of the Trustee
Act 1925 or section 63 of the Trustee Act (Northern Ireland) 1958].

© 1858 Crown Copyright

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