Section 3 Duration of settlements.

England and Wales

Land F1which has been subject to a settlement which is a settlement for the purposes of this Act shall be deemed for the purposes of this Act to remain and be settled land, and the settlement shall be deemed to be a subsisting settlement for the purposes of this Act so long as—

(a)

any limitation, charge, or power of charging under the settlement subsists, or is capable of being exercised; or

(b)

the person who, if of full age, would be entitled as beneficial owner to have that land vested in him for a legal estate is an infant.

Annotations

Textual amendments

F1: Words in s. 3 substituted (1.1.1997) by 1996 c. 47, s. 25(1), Sch. 3 para. 2(3)(with ss. 24(2), 25(4)(5)); S.I. 1996/2974, art.2