SETTLED LAND ACT 1958 - SECT 26 Trustees to exercise powers where tenant for life minor

SETTLED LAND ACT 1958 - SECT 26

S. 26(1) amended by Nos 9075 s. 5(1), 9427 s. 5(Sch. 4 item 10), 55/1987 s. 57(3)(Sch. 5 item 46), 45/1994 s. 42(Sch. item 8.2).

    (1)     Where a minor is beneficially entitled in possession to land for an estate in fee simple or for a term of years absolute or would if of full age be a tenant for life or have the powers of a tenant for life over settled land all the powers conferred by this Act or by the settlement on a tenant for life and on the trustees of the settlement in reference to the settled land and to capital money may be exercised on his behalf by the trustees of the settlement, and if there is none then by such person or trustee company and in such manner as the Court on the application of a testamentary or other guardian or next friend of the minor either generally or in a particular instance orders.

S. 26(2) amended by No. 9075 s. 5(1).

    (2)     In this section "minor" includes a married woman not of full age.

Nos 3771 s. 27, 4654 s. 3.

S. 27 amended by No. 7065 s. 2(Sch.), substituted by No. 55/1987 s. 57(3)(Sch. 5 item 47).