7 Saving of certain legal estates and statutory powers.E+W
(1)A fee simple which, by virtue of the Lands Clauses Acts, . . . F1 or any similar statute, is liable to be divested, is for the purposes of this Act a fee simple absolute, and remains liable to be divested as if this Act had not been passed [F2and a fee simple subject to a legal or equitable right of entry or re-entry is for the purposes of this Act a fee simple absolute.]
(2)A fee simple vested in a corporation which is liable to determine by reason of the dissolution of the corporation is, for the purposes of this Act, a fee simple absolute.
(3)The provisions of—
(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3
(b)the Friendly Societies Act, 1896, in regard to land to which that Act applies;
(c)any other statutes conferring special facilities or prescribing special modes (whether by way of registered memorial or otherwise) for disposing of or acquiring land, or providing for the vesting (by conveyance or otherwise) of the land in trustees or any person, or the holder for the time being of an office or any corporation sole or aggregate (including the Crown);
shall remain in full force.
F4. . ..
(4)Where any such power for disposing of or creating a legal estate is exercisable by a person who is not the estate owner, the power shall, when practicable, be exercised in the name and on behalf of the estate owner.
Textual Amendments
F1Words repealed by Reverter of Sites Act 1987 (c. 15, SIF 98:1), ss. 6(1), 8(3)(4), Sch.
F2Words added by Law of Property (Amendment) Act 1926 (c. 11), Sch.
F3S. 7(3)(a) repealed by Criminal Justice Act 1948 (c. 58), Sch. 10 Pt. I
F4In s. 7(3), the second paragraph repealed (1.1.1997) by 1996 c. 47, s. 25(2), Sch.4 (with ss. 24(2), 25(4)); S.I. 1996/2974, art. 2
Modifications etc. (not altering text)
C1S. 7(4) saved by Compulsory Purchase Act 1965 (c. 56), s. 28(3)