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Vesting orders in the case of exchanged holdings.
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29.—Where prior to the date of a vesting order made under this Part of this Act a tenant named in such vesting order was the tenant of a holding (in this section referred to as the original holding) which is not the holding (in this section referred to as the vested holding) vested in him by such vesting order and the vested holding is stated in such vesting order to be given to him in exchange for the original holding, the following provisions shall have effect, that is to say:—
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(a) such tenant shall be deemed to have entered into an agreement with the Land Commission for the exchange of the original holding for the vested holding;
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(b) such vesting order shall operate as a surrender of the original holding to the Land Commission;
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(c) all incumbrances, charges, and equities affecting such tenant's interest in the original holding immediately before the making of such vesting order shall without any conveyance or any other order become and be transferred, as on and from the date of such vesting order, to the interest in the vested holding acquired by such tenant by virtue of such vesting order;
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(d) notwithstanding the making of such vesting order or anything contained in this section, the Land Commission shall be entitled to receive and recover from such tenant all (if any) rent or interest owing by him to them in respect of the original holding immediately before the making of such vesting order.
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