Investment of money deposited in respect of lands belonging to person incompetent to alienate

Investment of money deposited in respect of lands belonging to person incompetent to alienate.—

1. (1) When the amount deposited under section 37 or section 38 has been deposited in respect of land belonging to any person who has no right to alienate the same, the Collector shall—
   • (a) keep the amount invested in Government or other approved securities; or
   • (b) deposit it in the court, for the benefit of the person who may be entitled thereto.
2. (2) The interest or other proceeds of any such investment or deposit shall be paid to the person or persons for the time being entitled to the said land.