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PROPERTY LAW ACT 1958 - SECT 19 Power to dispose of all rights and interests in land

PROPERTY LAW ACT 1958 - SECT 19

Power to dispose of all rights and interests in land

    (1)     All rights and interests in land may be disposed of, including—

        (a)     a contingent, executory or future interest in any land, or a possibility coupled with an interest in any land, whether or not the object of the gift or limitation of such interest or possibility be ascertained;

        (b)     a right of entry, into or upon land whether immediate or future, and whether vested or contingent—

but no such disposition shall defeat or enlarge an estate tail.

    (2)     All rights of entry affecting a legal estate which are exercisable on condition broken or for any other reason may, after the commencement of this Act, be made exercisable by any person and the persons deriving title under him, but, in regard to an estate in fee-simple (not being a rentcharge held for a legal estate) only within the period authorized by the rule relating to perpetuities.

No. 3754 s. 20.