720 What if the purchase money is more than the amounts
(1) Any balance of the purchase money must be paid into the
council’s trust fund and held by the council in trust for the persons
having estates or interests in the land immediately before the sale according
to their respective estates and interests.
(2) The council may pay the balance of the purchase money or any part
of the balance to or among the persons who are, in its opinion, clearly
entitled to it, and the receipt of the person to whom any payment is so made
is an effectual discharge to the council for it.