Topic: Section 32. Investment of money deposited in respect of lands

Section 32. Investment of money deposited in respect of lands belonging to per- sons incompetent to alienate

(1) If any money is deposited in Court under section 25, sub-section (2), and it appears that the land in respect of which the same was awarded belonged to any person who had no power to alienate the same, the Court shall order the money to be invested—

(a) in the purchase of other lands to be held under the like title and conditions of ownership as the land in respect of which such money was deposited is held, or,

(b) if such purchase cannot be effected forthwith, then in such Government or other approved securities as it thinks fit; and shall direct the payment of the interest or other proceeds arising from such investment to the person or persons who would for the time being have been entitled to the possession of the said land, and such moneys shall re- main so deposited and invested until the same are applied—.

(i) in the purchase of such other lands as aforesaid; or

(ii) in payment to any person or persons becoming absolutely entitled there- to.

(2) In all cases of moneys deposited to which this section applies, the Court shall order the cost of the following matters, including therein all reason able charges and expenses incident thereto, to be paid by the Collector, namely:—

(a) the costs of such investment as aforesaid;

(b) the costs of the orders for the payment of the interest or other proceeds of the securities in which such moneys are for the time being invested, and for the payment out. of Court of the principal of such moneys and the costs of all proceedings relating thereto, except such as may be occasioned by litigation between adverse claimants.