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Transfer may be made by Trustees to secure Interest of Party beneficially interested
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XXVI. When any Annuity for Life, immediate or deferred, shall have been purchased under the Acts hereby repealed or this Act, in the Names of more Parties than One, the said Commissioners may permit the Party or Parties not beneficially interested therein, jointly with the Party who is beneficially interested, whether such Party be of the Age of Twenty-one Years or not, to transfer the said Annuity or Annuities to other Parties, of whom the Party beneficially interested shall always be One, under such Regulations as the said Commissioners shall prescribe in that respect, for the Purpose of securing that no Assignment shall thereby be made of the Interest of the said Party to any other Person or Persons whatsoever: Provided always, that where the Party beneficially interested is incapable, from any of the Causes set forth in Section Nine of this Act, from joining in such Transfer, the said Commissioners may permit such Transfer, notwithstanding, under such Regulations as shall appear to them to be necessary to secure the Interest of the Party beneficially interested in such Annuity.
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