PROPERTY LAW ACT 1974 - SECT 30
Creation of future interests in land
PROPERTY LAW ACT 1974 - SECT 30
Creation of future interests in land
(1) A future interest in land validly created after the commencement of this
Act shall take effect as an equitable and not a legal interest.
(2) An
interest in remainder created after the commencement of this Act must not be
registered in the freehold land register.
(2A) Subsection (2) has effect
despite anything in the Land Title Act 1994 .
(3) This section shall not
apply to any future interest— (a) created before the commencement of this
Act whether that interest arose or arises before or after the commencement of
this Act; or
(b) created or arising because of section 22 .
(4) In this
section—
"future interest" means— (a) a legal contingent remainder; or
(b) a legal
executory interest.