Land Law (Ireland) Act, 1896

Abolition of purchaser’s insurance money.

54 & 55 Vict. c. 66.

28.(1) In the case of any advance after the commencement of this Act for the purchase of a holding, and also in the case of any instalment of a purchase annuity which shall become payable after the passing of this Act, purchaser’s insurance money shall not be payable.

(2) In the case of a purchase annuity payable at the date of the commencement of this Act, the amount thereof as altered by this section shall be certified by the Land Commission, and sent by them for registration to the registration authority under the Local Registration of Title (Ireland) Act, 1891.