Section 64 General power for the tenant for life to effect any transaction under an order of the court.C1

Any transaction affecting or concerning the settled land, or any part thereof, or any other land (not being a transaction otherwise authorised by this Act, or by the settlement) which in the opinion of the court would be for the benefit of the settled land, or any part thereof, or the persons interested under the settlement, may, under an order of the court, be effected by a tenant for life, if it is one which could have been validly effected by an absolute owner.

In this section “transaction” includes any sale, . . . F1, exchange, assurance, grant, lease, surrender, reconveyance, release, reservation, or other disposition, and any purchase or other acquisition, and any covenant, contract, or option, and any application of capital money, . . . F2 and any compromise or other dealing, or arrangement; . . . and “effected” has the meaning appropriate to the particular transaction; and the references to land include references to restrictions and burdens affecting land.