Landed Estates Court (Ireland) Act, 1858

Court may invest at Instance of Parties for their Benefit.

LXV. Where the Judge shall be of opinion that from the Nature of the Case the Proceedings must be protracted, the Money so paid into the Bank as aforesaid may, by Order of the Court, be invested in the Purchase of any Stocks, Funds, or Annuities transferable at the Bank of Ireland in such Manner as shall be directed by any General or Special Order of the Court, and until the same shall be sold by Order of the Court for the Purposes of this Act, the Dividends thereof shall from Time to Time be applied, under the Order of the Court, in like Manner as the Rents of the Land or Lease, or Part thereof, from the Sale whereof the Money invested in such Stocks, Funds, or Annuities has arisen, would have been applicable, the Investments in and Sale of such Stocks, Funds, and Annuities to be made through a Stockbroker or Stockbrokers to be appointed by the Court by General or Special Order, as the Court may think fit.