Meaning of “disposition”N.I.
46.—(1) In this Part, unless the context otherwise requires,—
“disposition” includes the conferring of a power of appointment and any other disposition of an interest in or right over property;
“power of appointment” includes any discretionary power to transfer a beneficial interest in property without the furnishing of valuable consideration.
(2) This Part applies to an oral disposition as if contained in an instrument made when the disposition was made.
(3) For the purposes of this Part, the death of the testator is the date at which a will or codicil is to be regarded as made.
(4) For the purposes of this Part, provisions of the law of intestate succession applicable to the estate of a deceased person shall be treated as if contained in an instrument executed by him (while of full capacity) immediately before his death.
(5) It is hereby declared that references in this Part to dispositions of property include references to a disposition by the creation of an entailed interest.
Modifications etc. (not altering text)
C1Art. 46 applied (with modifications) (6.4.2010) by Human Fertilisation and Embryology (Parental Orders) Regulations 2010 (S.I. 2010/985), reg. 3, Sch. 2