(a) in the case of a cash transaction, the purchaser becomes entitled to a transfer or conveyance of the land; or (b) in the case of a terms contract, the purchaser becomes entitled to possession or to the receipt of rents and profits— at which time the deposit moneys may be paid to the vendor in his own right or as the vendor directs. S. 24(1A) * * * * * inserted by No. 9471 s. 3, amended by Nos 35/1996 s. 453(Sch. 1 item 73.5(a)), 75/2006 s. 192(Sch. 2 item 5.5), repealed by No. 1/2010 s. 75. (2) This section does not prevent the transfer of S. 24(2) repealed by deposit moneys from— No. 35/1996 s. 453(Sch. 1 (a) a legal practitioner, estate agent or item 73.5(b)), new s. 24(2) conveyancer to another legal practitioner, inserted by estate agent or conveyancer if that other legal No. 1/2010 s. 75. practitioner, estate agent or conveyancer is acting for the vendor in relation to the sale; or (b) a vendor to a legal practitioner, estate agent or conveyancer acting for that vendor. (3) Any deposit moneys transferred under S. 24(3) inserted by subsection (2) must continue to be held by the No. 1/2010 person to whom they were transferred as a s. 75. stakeholder under this Division.
(a) in the case of a cash transaction, the purchaser becomes entitled to a transfer or conveyance of the land; or (b) in the case of a terms contract, the purchaser becomes entitled to possession or to the receipt of rents and profits— at which time the deposit moneys may be paid to the vendor in his own right or as the vendor directs. S. 24(1A) inserted by No. 9471 s. 3, amended by Nos 35/1996 s. 453(Sch. 1 item 73.5(a)), 75/2006 s. 192(Sch. 2 item 5.5), repealed by No. 1/2010 s. 75. * * * * * S. 24(2) repealed by No. 35/1996 s. 453(Sch. 1 item 73.5(b)), new s. 24(2) inserted by No. 1/2010 s. 75. (2) This section does not prevent the transfer of deposit moneys from— (a) a legal practitioner, estate agent or conveyancer to another legal practitioner, estate agent or conveyancer if that other legal practitioner, estate agent or conveyancer is acting for the vendor in relation to the sale; or (b) a vendor to a legal practitioner, estate agent or conveyancer acting for that vendor. S. 24(3) inserted by No. 1/2010 s. 75. (3) Any deposit moneys transferred under subsection (2) must continue to be held by the person to whom they were transferred as a stakeholder under this Division.