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SETTLED LAND ACT 1890 - SECT 11

11.(1) Where money is required for the purpose of discharging an incumbrance
on the settled land or part thereof, the tenant for life may raise the money
so required, and also the amount properly required for payment of the costs of
the transaction on mortgage of the settled land, or of any part thereof, by
conveyance of the fee-simple or other estate or interest the subject of the
settlement, or by creation of a term of years in the settled land, or any part
thereof, or otherwise, and the money so raised shall be capital money for that
purpose, and may be paid or applied accordingly.

(2) Incumbrance in this section does not include any annual sum payable only
during a life or lives or during a term of years absolute or determinable.

Provision enabling dealings with tenant for life.

© 1890 Crown Copyright

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