1 What constitutes a settlement

Part I General Preliminary Provisions

Settlements and Settled Land

1  What constitutes a settlement

(1)     Any deed, will, agreement for a settlement or other agreement, Act of Parliament, or other instrument, or any number of instruments, whether made or passed before or after, or partly before and partly after, the commencement of this Act, under or by virtue of which instrument or instruments any land, after the commencement of this Act, stands for the time being—

(i)     limited in trust for any persons by way of succession; or

(ii)     limited in trust for any person in possession—

(a)     for an entailed interest whether or not capable of being barred or defeated;

(b)     for an estate in fee simple or for a term of years absolute subject to an executory limitation, gift, or disposition over on failure of his issue or in any other event;

(c)     for a base or determinable fee [(other than a fee which is a fee simple absolute by virtue of section 7

Powered by Lexis+®

Popular documents