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Allied Irish Banks Act 1993 (c. xiv)

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11Interests in land

The vesting of an interest in land by or under this Act shall not—

(a)constitute a purchase or creation of an estate for the purposes of section 10 (3) of the [1964 c. 36 (N.I.).] Business Tenancies Act (Northern Ireland) 1964; or

(b)constitute an assignment, transfer, devolution, parting with possession dealing with or other disposition of that interest for the purposes of any provision contained in any instrument concerning that interest; or

(c)give rise to any forfeiture; or

(d)invalidate or discharge any contract or security; or

(e)operate so as to merge any leasehold interest in the reversion which is expectant thereon.

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