Amendment status not verified — confirm the current text below against the official source.
Investment of money deposited in respect of lands belongir'g to persons incompetent to alienate.-(1) If any money shall be deposited in court under sub-section (2) of section 22 and it appears that the land in respect whereof the same was awarded belonged to any person who had no power to alienate the same, the court sh* (a) order the money to be invested in the purchase of other lands to be held under the like title and conditions of ownership as the land in respect, oC which such money shall have been deposited ' (6) if such purchase cannot be effected forthwith, then in such Governmeat or other approvd secwiries as tha court shall think and shall direct the payment of the interest Or other proceeds a~isiog from such investment to the person 01' persons who w ~ l d fdr the titne being have been entitled to the possession of the said land and such moneys rhd] remain so deposited. and invested until the same be applied- (i) in the purchase of such other hinds as aforesaid ; or (ii) in payment of any person or persons becoming absolutely entitled thereto. (a) the cost of such investments as aforesaid ; (b) the costs of the orders for the payment of the interest or other proceeds of the securities apon which such nloney$ arc for the time being invested, and for the payment out of court of the princi- pal of such moneys, and of all proceedings relating thereto, &&bt such as may be occasioned by Iitigitf!ion between adverse daimahts, 40 TAM& NADU GOVLIRNMWT GAZETTE EYZRAOKUlNAttY, L - w -__- - . -. - --- ----- - - _ - . .__ . ______ __ _ _-_ _---- N. Inve.::nent of money deposited in other ~uses.-When any money shall have been deposited in court under this Act for any cause other than that mentioned in section 23, the court may, o n the application of any party interested or claiming an interest in such mooey, order thk same to be invested in such Government or other approved securities as it may think proper, and may direct the interest or other proceeds of any such investment to be accumulated and paid in such manner as it may consider will give tibe parties interested aier-ein the same benefit therefrom as they might have had from the land in respect whereof such money shall have been i deposit~d or as near thereto as may be,