Application of compensation Application of compensation
And with respect to the purchase money or compensation coming to parties having limited interests, or prevented from treating, or not making title, be it enacted as follows:
- 67Purchase money payable to parties under disability, amounting to 200l, to be deposited in the Bank.
- 68Order for application, and investment meanwhile.
- 69Sums from 20l. to 200l. to be deposited, or paid to trustees.
- 70Sums not exceeding 20l. to be paid to parties.
- 71All sums payable under contract with persons not absolutely entitled to be paid into the Bank.
- 72Court of Session may direct application of money in respect of leases or reversions as they may think just.
- 73On the purchase of lands to be entailed, not necessary to insert the provisions verbatim.
- 74Upon deposit being made, the owners of the lands to convey, or in default the lands to vest in the promoters of the undertaking, upon a notarial instrument being executed.
- 75Where parties refuse to convey, or do not show title, or cannot be found, the purchase money to be deposited.
- 76Upon deposit being made, a receipt to be given, and the lands to vest upon a notarial instrument being executed.
- 77Application of monies so deposited.
- 78Party in possession to be deemed to be the owner.
- 79Expences in cases of money deposited.