|
|
Trust funds may be applied as a guarantee deposit.
|
11. On the occasion of the sale of any holding under the Purchase of Land (Ireland) Act, 1885, any person in whom any incumbrance charged upon the land constituting or comprising such holding is vested as a trustee, also any person who is a trustee for sale thereof, may apply any moneys, being the proceeds of the sale, coming to him as such trustee, for a guarantee deposit under the said Act.
|
