50 Discharge of incumbrances by the court on sales or exchanges
Law of Property Act 1925 (1925 c 20) | Legislation

50  Discharge of incumbrances by the court on sales or exchanges

(1)     Where land subject to any incumbrance, whether immediately realisable or payable or not, is sold or exchanged by the court, or out of court, the court may, if it thinks fit, on the application of any party to the sale or exchange, direct or allow payment into court of such sum as is hereinafter mentioned, that is to say—

(a)     in the case of an annual sum charged on the land, or of a capital sum charged on a determinable interest in the land, the sum to be paid into court shall be of such amount as, when invested in Government securities, the court considers will be sufficient, by means

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