Shifting of incumbrances
69 Shifting of incumbrances
Where there is an incumbrance affecting any part of the settled land (whether capable of being overreached on the exercise by the tenant for life of his powers under this Act or not), the tenant for life may with the consent of the incumbrancer and with the consent of the trustees of the settlement or order of the Court charge that incumbrance on any other part of the settled land, or on all or any part of the capital money or securities representing capital money subject or to become subject to the settlement, whether already charged therewith or not, in exoneration of the first mentioned part, and, by a mortgage, or otherwise, make provision accordingly.
No. 3771 s. 70.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.