Dedication for streets, open spaces, &c.
3(1)Section sixteen of the Settled Land Act, 1882, shall be deemed always to have had effect, as if the words " after or " had been inserted after the words " On or, " and the words " or " the development of the settled land, or any part thereof, as a " building estate, or at any other reasonable time " had been inserted after the words " building lease. "
(2)A tenant for life shall be deemed always to have had power—
(a)to enter into any agreement for the recompense to be made for any part of the settled land required for the widening of a highway under section eighty-two of the [5 & 6 Will. 4. c. 50.] Highway Act, 1835, or otherwise;
(b)to consent to the diversion of any highway over the settled land under section eighty-five of that Act or otherwise; and
(c)to consent to any such road as is mentioned in section thirty-six of the [25 & 26 Vict. c. 61.] Highway Act, 1862, being declared a public highway;
and any agreement or consent so made or given shall be deemed to have been as valid and effectual, for all purposes, as if made or given by an absolute owner of the settled land, provided that any money received or receivable in respect of such agreement or consent was or is paid to the trustees of the settlement or into court as capital money.