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Sale of holding by Land Commission.
44 & 45 Vict. c. 49.
48 & 49 Vict. c. 73.
44 & 45 Vict. c. 49.
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38.—(1) The Land Commission upon the sale of a holding under section thirty of the Land Law (Ireland) Act, 1881, or under any power of sale, may sell the holding in lots.
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(2) Section fifteen of the Purchase of Land (Ireland) Act, 1885, as amended by this Act, shall extend to a sale of a holding by the Land Commission, as successors to the Commissioners of Church Temporalities in Ireland.
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(3)[1]
Where a holding is subject to the future payment of an annuity, and the Land Commission sell it in lots, or in the exercise of their powers under the Land Purchase Acts authorise the subdivision of the holding, the Land Commission may apportion the annuity in such manner as they deem expedient, or may, if they think fit, make an order discharging any such portion of the holding as aforesaid from any further liability for such annuity, or any part thereof, or any arrears thereof.
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(4) Where the Land Commission sell a holding, the purchase money shall, subject to the provisions of section thirty of the Land Law (Ireland) Act, 1881, be paid and distributed as if it were the purchase money of a holding sold by a landlord to a tenant.
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[1 Amended by 3 Edw. 7. c. 37, s. 67. See that Act.] |
