Where any purchase money or compensation paid into [F1the [F2Senior Courts] or] the Bank under the provisions of this or the special Act shall have been paid in respect of any lease for . . . F3 years, or any estate in lands less than the whole fee simple thereof, or of any reversion dependent on any such lease or estate, it shall be lawful for the Court of Chancery, . . . F4 on the petition of any party interested in such money, to order that the same shall be laid out, invested, accumulated, and paid in such manner as the said court may consider will give to the parties interested in such money the same benefit therefrom as they might lawfully have had from the lease, estate, or reversion in respect of which such money shall have been paid, or as near thereto as may be.
Textual Amendments
F1Words inserted by Administration of Justice Act 1965 (c. 2), s. 17, Sch. 1
F2Words in Act (except s. 3) substituted (1.10.2009) by Constitutional Reform Act 2005 (c. 4), s. 148(1), Sch. 11 para. 9(2); S.I. 2009/1604, art. 2(d)
F3Words repealed by Compulsory Purchase Act 1965 (c. 56), s. 39(4), Sch. 8 Pt. II
F4Words repealed by Statute Law Revision Act 1892 (c. 19)
Modifications etc. (not altering text)
C1S. 74 excluded by Pipe-lines Act 1962 (c. 58), s. 51(4); amended by Administration of Justice Act 1965 (c. 2), s. 34, Sch. 2