Victorian Consolidated Legislation

Administration and Probate Act 1958 - SECT 45

Powers of personal representative for raising money etc.

45. Powers of personal representative for raising money etc.



(1) For giving effect to beneficial interests the personal representative may
limit or demise land for a term of years absolute with or without impeachment
for waste to trustees on usual trusts for raising or securing any principal
sum and the interest thereon for which the land or any part thereof is liable
and may limit or grant a rentcharge for giving effect to any annual or
periodical sum for which the land or the income thereof or any part thereof is
liable.

(2) In this section term of years absolute has the same meaning as in the
Settled Land Act 1958.