1N.I.The Registrar may register in respect of any settled land—
(a)the owner of the particular estate in such land, as limited owner thereof; or
(b)any trustees in whom that land is vested, as full owners thereof.
2N.I.Where a person is registered as limited owner under a settlement, the names of the trustees of the settlement, if any, shall be entered inF1. . . the[F1 title register].
3N.I.The registration of a person as limited owner of settled land in pursuance of this Act shall not—
(a)confer on the person so registered, as against any person claiming under the settlement, any greater powers of dealing with the land than those of a tenant for life under the Settled Land Acts;
(b)confer on the assignee, trustee in bankruptcy, devisee or personal representatives of the limited owner any greater estate than he would otherwise have;
(c)take away from any trustee under the settlement any powers of dealing with the land which he would otherwise have.
4(1)Where a person is, by operation of law or otherwise, assignee of a person registered as limited owner of any land, the name of the assignee shall, on his application, be entered on[F2 the title register] with the addition of the word “assignee”, or of such other words as may be prescribed.N.I.
(2)In default of an entry made pursuant to sub-paragraph (1), the registration of the limited owner shall continue to have effect as if there had been no assignment.
5N.I.Where a new trustee of a settlement to which paragraph 2 relates is appointed, the Registrar shall, on application and on production of the prescribed evidence, enter his name accordingly.
6N.I.The provisions of this Act with respect to the registration of limited owners shall not apply in the case of settled land within the meaning of section 63 of the Settled Land Act 1882 unless the settlement confers on the limited owner the powers conferred by the Settled Land Act 1882 [1882 c.38] on a tenant for life, or an order made under the Settled Land Act 1884 [1884 c.18] is in force at the time of the application for registration.
7N.I.Where an order referred to in paragraph 6 is made with respect to registered land, it shall be to the effect that the person who is to exercise the powers of a tenant for life of the land in pursuance of that section shall be registered as limited owner of the land subject to such inhibitions, if any, as may be considered expedient, and it shall not be necessary to register the order as a pending action.
8N.I.A person shall not be affected by notice of the trusts of any settlement by reason of any person being registered as limited owner under the settlement or by reason of any reference to the settlement being entered on[F3 the title register].