[75A Power to accept charge as security for part payment for land sold]

[75A  Power to accept charge as security for part payment for land sold]

[(1)     Where—

(a)     land subject to the settlement is sold by the tenant for life or statutory owner, for an estate in fee simple or a term having at least five hundred years to run, and

(b)     the proceeds of sale are liable to be invested,

the tenant for life or statutory owner may,

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