Upon payment or tender to the promoters of the undertaking of the purchase money so agreed upon or determined as aforesaid they shall convey such lands to the purchasers thereof, by deed under the common seal of the promoters of the undertaking if they be a corporation, or if not a corporation under the hands and seals of the promoters of the undertaking, or any two of the directors or managers thereof acting by the authority of the body; and a deed so executed shall be effectual to vest the lands comprised therein in the purchaser of such lands for the estate which shall so have been purchased by him; and a receipt under such common seal, or under the hands of two of the directors or managers of the undertaking, as aforesaid, shall be a sufficient discharge to the purchaser of any such lands for the purchase money in such receipt expressed to be received.
Modifications etc. (not altering text)
C1S. 131 excluded by Housing Act 1957 (c. 56), ss. 104(6), 105(5); applied with modifications by Compulsory Purchase Act 1965 (c. 56), s. 37(3)
C2Ss. 128–132 excluded (N.I.) by S.I. 1981/156 (N.I. 3), art. 88(3)
C3Ss. 128–132 excluded by Housing Act 1985 (c. 68, SIF 61), s. 32(5)