OpenLegislation

Section 6 Power to invest in land subject to drainage charges.

England and Wales

A trustee having power to invest in the purchase of land or on mortgage of land may invest in the purchase or on mortgage of any land notwithstanding the same is charged with a rent under the powers of . . . F1 the M1Landed Property Improvement (Ireland) Act, 1847, or by an absolute order made under the Improvement of Land Act, 1864, unless the terms of the trust expressly provide that the land to be purchased or taken in mortgage shall not be subject to any such prior charge.

Annotations

Textual amendments

F1

Words repealed by Statute Law Revision Act 1963 (c. 30)

Marginal citations

M1

1847 c. 32.

Notes on Part I

Textual amendments

F1

Pt. I (ss. 1-11) repealed (1.2.2001) by 2000 c. 29, s. 40(1)(3), Sch. 2 Pt. II para. 18, Sch. 4 Pt. II (with s. 35, Sch. 3 paras. 2, 3); S.I. 2001/49, art. 2