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SETTLED LAND ACT 1882 - SECT 33 

Application of money in hands of trustees under powers of settlement.

33. Where, under a settlement, money is in the hands of trustees, and is
liable to be laid out in the purchase of land to be made subject to the
settlement, then, in addition to such powers of dealing therewith as the
trustees have independently of this Act, they may, at the option of the tenant
for life, invest or apply the same as capital money arising under this Act.

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© 1882 Crown Copyright

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