Change 1 Article Choose an article Title and introductory text 1 What constitutes a settlement. 2 What is settled land. 3 Duration of settlements. 4 Authorised method of settling land inter vivos. 5 Contents of vesting deeds. 6 Procedure in the case of settlements by will. 7 Procedure on change of ownership. 8 Mode and costs of conveyance, and saving of rights of personal representatives and equitable chargees. 9 Procedure in the case of settlements and of instruments deemed to be trust instruments. 10 Procedure on acquisition of land to be made subject to a settlement. 11 As to contracts for the settlement of land. 12 Power to make vesting orders as to settled land. 13 Dispositions not to take effect until vesting instrument is made. 14 Forfeiture and stamps. 15 Examples of instruments. 16 Enforcement of equitable interests and powers against estate owner. 17 Deed of discharge on termination of settlement. 18 Restrictions on dispositions of settled land where trustees have not been discharged. 19 Who is tenant for life. 20 Other limited owners having powers of tenant for life. 21 Absolute owners subject to certain interests to have the powers of tenant for life. 22 Provisions applicable where interest in settled land is restored. 23 Powers of trustees, &c. when there is no tenant for life. 24 As to a tenant for life who has parted with his interest. 25 Married woman, how to be affected. 26 Infants, how to be affected. 27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 Who are trustees for purposes of Act. 31 As to trustees of compound settlements. 32 As to trustees of referential settlements. 33 Continuance of trustees in office, and as to certain compound settlements. 34 Appointment of trustees by court. 35 Procedure on appointment of new trustees. 36 Undivided shares to take effect behind a trust of land. 37 Transitional provisions with respect to existing settlements, &c. 38 Powers of sale and exchange. 39 Regulations respecting sales. 40 Regulations respecting exchanges. 41 Power to lease for ordinary or building or mining or forestry purposes. 42 Regulations respecting leases generally. 43 Leasing powers for special objects. 44 Regulations respecting building leases. 45 Regulations respecting mining leases. 46 Variation of building or mining lease according to circumstances of district. 47 Capitalisation of part of mining rent. 48 Regulations respecting forestry leases. 49 Power on dispositions to impose restrictions and make reservations and stipulations. 50 Separate dealing with surface and minerals, with or without wayleaves, &c. 51 Power to grant options. 52 Surrenders and regrants. 53 Acceptance of leases. 54 Power to grant water rights to statutory bodies. 55 Power to grant land for public and charitable purposes. 56 Dedication for streets, open spaces, &c. 57 Provision of land for small dwellings, small holdings and dwellings for working classes. 58 Power to compromise claims and release restrictions, &c. 59 Power to vary leases and grants and to give licences and consents. 60 Power to apportion rents. 61 Provisions as to consideration. 62 †Special provisions as to manorial incidents, &c. 63 Power to complete predecessor’s contracts. 64 General power for the tenant for life to effect any transaction under an order of the court. 65 Power to dispose of mansion. 66 Cutting and sale of timber, and capitalisation of part of proceeds. 67 Sale and purchase of heirlooms under order of court. 68 Provision enabling dealings with tenant for life. 69 Shifting of incumbrances. 70 Power to vary provisions of an incumbrance and to charge by way of additional security. 71 Power to raise money by mortgage. 72 Completion of transactions by conveyance. 73 Modes of investment or application. 74 Power to acquire land subject to certain incumbrances. 75 Regulations respecting investment, devolution, and income of securities, &c. 75A Power to accept charge as security for part payment for land sold. 76 Application of money in court under Lands Clauses and other Acts. 77 Application of money in hands of trustees under powers of settlement. 78 Provision as to personal estate settled by reference to capital money, or on trusts corresponding with the limitations of land. 79 Application of money paid for lease or reversion. 80 As to money received by way of damages for breach of covenant. 81 As to capital arising otherwise than under the Act. 82 Land acquired may be made a substituted security for released charges. 83 Description of improvements authorised by Act. 84 Mode of application of capital money. 85 Creation of rentcharges to discharge instalments. 86 Concurrence in improvements. 87 Court may order payment for improvements executed. 88 Obligation on tenant for life and successors to maintain, insure, &c. 89 Protection as regards waste in execution and repair of improvements. 90 Power for tenant for life to enter into contracts. 91 Provisions as to different estates settled upon the same limitations. 92 Proceedings for protection or recovery of land settled or claimed as settled. 93 Reference of questions to court. 94 Number of trustees to act. 95 Trustees’ receipts. 96 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97 Protection of trustees generally. 98 Protection of trustees in particular cases. 99 Indemnities to personal representatives and others. 100 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 101 Notice to trustees. 102 Management of land during minority or pending contingency. 103 Legal estate in settled land not to vest in trustee in bankruptcy of estate owner. 104 Powers not assignable, and contract not to exercise powers void. 105 Effect of surrender of life estate to the next remainderman. 106 Prohibition or limitation against exercise of powers void, and provision against forfeiture. 107 Tenant for life trustee for all parties interested. 108 Saving for and exercise of other powers. 109 Saving for additional or larger powers under settlement. 110 Protection of purchasers, &c. 111 Purchaser of beneficial interest of tenant for life to have remedies of a legal owner. 112 Exercise of powers; limitation of provisions, &c. 113 Jurisdiction and procedure. 114 Payment of costs out of settled property. 115 Powers of the Minister of Agriculture. 116 Filing of certificates, &c. at the Ministry of Agriculture. 117 Definitions. 118 Retrospective amendment of certain provisions of Settled Land Acts. 119 Repeals, savings, and construction. 120 †Short title, commencement and extent. SECOND SCHEDULE Transitional Provisions affecting Existing Settlements THIRD SCHEDULE Fifth Schedule . . .
What to do with it
As published
66 Cutting and sale of timber, and capitalisation of part of proceeds.
(1) Where a tenant for life is impeachable for waste in respect of timber, and there is on the settled land timber ripe and fit for cutting, the tenant for life, on obtaining the consent of the trustees of the settlement or an order of the court, may cut and sell that timber, or any part thereof.
(2) Three fourth parts of the net proceeds of the sale shall be set aside as and be capital money arising under this Act, and the other fourth part shall go as rents and profits.
Your wording
Your change, as a redline
66 Cutting and sale of timber, and capitalisation of part of proceeds.
(1) Where a tenant for life is impeachable for waste in respect of timber, and there is on the settled land timber ripe and fit for cutting, the tenant for life, on obtaining the consent of the trustees of the settlement or an order of the court, may cut and sell that timber, or any part thereof.
(2) Three fourth parts of the net proceeds of the sale shall be set aside as and be capital money arising under this Act, and the other fourth part shall go as rents and profits.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.