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Part IIIE+W Investment or other application of Capital Money

Modifications etc. (not altering text)

C1Pt. III applied with modifications by Chequers Estate Act 1917 (c. 55), Sch. clause 6A now inserted by Chequers Estate Act 1958 (c. 60), s. 1, Sch. para. 7; saved by Trafalgar Estate Act 1947 (c. 34), s. 2(3)

74 Power to acquire land subject to certain incumbrances.E+W

(1)Land may be acquired on a purchase or exchange to be made subject to a settlement, notwithstanding that the land is subject to any Crown rent, quit rent, chief rent, or other incident of tenure, or to any easement, right or privilege, or to any restrictive covenant, or to any liability to maintain or repair walls, fences, sea-walls, river banks, dykes, roads, streets, sewers, or drains, or to any improvement rentcharge which is capable under this Act of being redeemed out of capital money.

(2)The acquisition on a purchase or exchange before the commencement of this Act of any land subject to any such burden as aforesaid is hereby confirmed.