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Lands Clauses Consolidation (Scotland) Act 1845

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69 Sums from 20l. to 200l. to be deposited, or paid to trustees. U.K.

If such purchase money or compensation shall not amount to the sum of two hundred pounds, and shall exceed the sum of twenty pounds, the same shall either be paid into the Bank, and applied in the manner herein-before directed with respect to sums amounting to or exceeding two hundred pounds, or the same may lawfully be paid to two trustees, to be nominated by the parties entitled to the rents or profits of the lands in respect whereof the same shall be payable, such nomination to be signified by writing under the hands of the parties so entitled; and in case of the F1... F2. . ., [F3incapacity by reason of mental disorder within the meaning of the Mental Health (Scotland) Act, 1960], or other incapacity of the parties entitled to such monies, such nomination may lawfully be made by their respective F1... [F4legal representatives of a child(within the meaning of Part I of the Children (Scotland) Act 1995),] guardians, tutors, curators, judicial factors, or trustees; but such last-mentioned application of the monies shall not be made unless the promoters of the undertaking approve thereof, and of the trustees, named for the purpose; and the money so paid to such trustees and the produce arising therefrom, shall, at the expense of the promoters of the undertaking, be by such trustees applied in the manner herein-before directed with respect to money paid into the Bank, but it shall not be necessary to obtain any order of court for that purpose.

Textual Amendments

F4Words in s. 69 inserted (1.11.1996) by 1995 c. 36, s. 105(4), Sch. 4 para. 1(4)(b) (with Sch. 3 paras. 4, 6); S.I. 1996/2203, art. 3(3), Sch.

Modifications etc. (not altering text)

C3S. 69 modified (25.9.1991) by Agricultural Holdings (Scotland) Act 1991 (c. 55, SIF 2:3), ss. 57(4), 89(2), Sch. 8 para. 6(a)(with s. 45(3), Sch. 12 para. 3)

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