Section 328 Settled land ....F6 C1

England and Wales

(1)

The purposes authorised for the application of capital money—

(a)

by section 73 of the M1Settled Land Act 1925 F1 ... ; F2...

(b)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

shall include the payment of any sum recoverable under section 111, F3or 112.

(2)

The purposes authorised as purposes for which money may be raised by mortgage—

(a)

by section 71 of the Settled Land Act 1925 F4 ... ; F5...

(b)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

shall include the payment of any sum so recoverable.

Annotations

F1: Words in s. 328(1)(a) repealed (1.1.1997) by 1996 c. 47, s. 25(2), Sch. 4 (with ss. 24(2), 25(4)); S.I. 1996/2974, art. 2
F2: S. 328(1)(b) and word omitted (19.5.2025) by virtue of Charities Act 2022 (c. 6), s. 41(4), Sch. 1 para. 16(2); S.I. 2024/265, reg. 4, Sch. 2 para. 3
F3: Words in s. 328(1) substituted (25.9.1991) by Planning and Compensation Act 1991 (c. 34, SIF 123:1), s. 31, Sch. 6 para. 37(with s. 84(5)); S.I. 1991/2067, art. 3 (subject to art. 4)
F4: Words in s. 328(2)(a) repealed (1.1.1997) by 1996 c. 47, s. 25(2), Sch. 4 (with ss. 24(2), 25(4)); S.I. 1996/2974, art. 2
F5: S. 328(2)(b) and word omitted (19.5.2025) by virtue of Charities Act 2022 (c. 6), s. 41(4), Sch. 1 para. 16(3); S.I. 2024/265, reg. 4, Sch. 2 para. 3
F6: Words in s. 328 heading omitted (19.5.2025) by virtue of Charities Act 2022 (c. 6), s. 41(4), Sch. 1 para. 16(4); S.I. 2024/265, reg. 4, Sch. 2 para. 3

C1: S. 328: power to apply conferred (10.11.1993) by 1993 c. 28, s. 171(4)(a); S.I. 1993/2762, art. 3