Irish Land Act, 1904
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Special provisions as to tenants for life, persons under disability, &c. 45 & 46 Vict. c. 38. 34 & 35 Vict. c.22. |
3.—(1) Where the vendor is a tenant for life or a person having the powers of a tenant for life under the Settled Land Acts, 1882 to 1890, the percentage shall, subject to those enactments of the said section forty-eight mentioned in the last preceding section, be retained by him as his own proper moneys for his own use and benefit, free and discharged from all claims upon the lands sold or the purchase money thereof and from any trust affecting the same. | |
Provided that, where the vendor is a person exercising any power of sale on behalf of a lunatic person of unsound mind or infant or where the vendor is a lunatic or person of unsound mind selling pursuant to any order made by the Lord Chancellor, the percentage shall be held for the use and benefit of the same persons or upon the same trusts, as the case may be, as if the lunatic, person of unsound mind or infant, as the case may be, were not under any disability. | ||
Provided also that, where the vendors are husband and wife exercising together the powers of a tenant for life under section sixty-one of the Settled Land Act, 1882, the percentage shall be retained by them jointly for their own use and benefit, free and discharged from all claims and trusts as aforesaid. | ||
(2) The expression “lunatic” in this section has the same meaning as in the Lunacy Regulation (Ireland) Act, 1871 . |