Section 71 †The previous clauses, with certain variations, to apply to lands of any tenure to be sold, where the purchase money is subject to be invested in the purchase of lands to be entailed, and where money is subject to be invested in like manner.C1C2
England, Wales and Scotland
Lands to be sold, whether freehold or leasehold, or of any other tenure, where the money arising from the sale thereof shall be subject to be invested in the purchase of lands to be settled so that any person, if the lands were purchased, would have an estate tail therein, and also money subject to be invested in the purchase of lands to be settled, so that any person, if the lands were purchased, would have an estate tail therein, shall for all the purposes of this Act be treated as the lands to be purchased, and be considered subject to the same estates as the lands to be purchased would, if purchased, have been actually subject to; . . . F1
Annotations
Textual amendments
- F1
Words repealed by Statute Law (Repeals) Act 1969 (c. 52), Sch. Pt. III
Modifications
- C1
A dagger appended to a marginal note means that it is no longer accurate
- C2
Ss. 57, 58, 60–65, 67, 69, 71 applied by Bankruptcy Act 1914 (c. 59), s. 55(5) which is repealed (E.W.) by Insolvency Act 1985 (c. 65, SIF 66), s. 235(3), Sch. 10 Pt. III