[F186 Application of Funds in court.E+W+N.I.
Money paid under section 85 of this Act into the [F2Senior Courts] shall remain there by way of security to the parties whose lands shall so have been entered upon for the performance of the condition of the bond to be given by the promoters of the undertaking, as hereinbefore mentioned, and, if [F3invested under section 38 of the Administration of Justice Act 1982]shall be accumulated; and upon the condition of such bond being fully performed the High Court may, on the application of the promoters, order it, or the proceeds of the securities in which it has been invested, together with the accumulation thereof, to be paid to the promoters of the undertaking, or if such condition shall not be fully performed it shall be lawful for the said Court to order the same to be applied, in such manner as it shall think fit, for the benefit of the parties for whose security the same shall have been paid.]
Textual Amendments
F1S. 86 substituted for ss. 86-88 (E.W.) by Administration of Justice Act 1965 (c. 2), s. 17, Sch. 1; s. 86 substituted (N.I.) for ss. 86–88 by Judicature (Northern Ireland) Act 1978 (c. 23, SIF 38), s. 122(1), Sch. 5 Pt. II (as amended (1.10.2009) by Constitutional Reform Act 2005 (c. 4), s. 148(1), Sch. 11 para. 6; S.I. 2009/1604, art. 2(d)), see s. 86 below
F2Words in Act (except s. 3) substituted (1.10.2009) by Constitutional Reform Act 2005 (c. 4), s. 148(1), Sch. 11 para. 9(2); S.I. 2009/1604, art. 2(d)
F3Words substituted by Administration of Justice Act 1982 (c. 53, SIF 34, 37, 38), ss. 46(1)(a)(iii), 76(2)(a)