(1)An estate of dominium utile of land shall, on the appointed day, cease to exist as a feudal estate but shall forthwith become the ownership of the land and, in so far as is consistent with the provisions of this Act, the land shall be subject to the same subordinate real rights and other encumbrances as was the estate of dominium utile.
(2)Every other feudal estate in land shall, on that day, cease to exist.
(3)It shall, on that day, cease to be possible to create a feudal estate in land.