Section 63Part 12 — Limited Owners Generally
Enumeration of other limited owners to have powers of tenant for life
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The following persons shall, when the estate or interest of each of them is in possession, have the powers of a tenant for life under this Law, as if each of them were a tenant for life as defined in this Law —
a tenant in tail, including a tenant in tail who is by statute restrained from barring or defeating his estate tail, and although the reversion is in the Crown, and so that the exercise by him of his powers under this Law shall bind the Crown, but not including such a tenant in tail where the land in respect whereof he is so restrained was purchased with money provided by Parliament or by the Legislature of the Islands in consideration of public services;
a tenant in fee simple, with an executory limitation, gift or disposition over, on failure of his issue, or in any other event;
a person entitled to a base fee, although the reversion is in the Crown, and so that the exercise by him of his powers under this Law shall bind the Crown;
a tenant for years determinable on life, not holding merely under a lease at a rent;
a tenant for the life of another, not holding merely under a lease at a rent;
a tenant for his own or any other life, or for years determinable on life, whose estate is liable to cease in any event during that life, whether by expiration of the estate, or by conditional limitation or otherwise, or to be defeated by an executory limitation, gift or disposition over, or is subject to a trust for accumulation of income for payment of debts or other purpose;
a tenant in tail after possibility of issue extinct;
a tenant by the curtsy, which is to be deemed for the purposes of this Law an estate arising under a settlement made by his wife;
a person entitled to the income of land under a trust or direction for payment thereof to him during his own or any other life, whether subject to expenses of management or not, until sale of the land or until forfeiture of his interest therein on bankruptcy or other event.
In every such case the provisions of this Law referring to a tenant for life, either as conferring powers on him or otherwise, to a settlement and to settled land, shall extend to each of the persons aforesaid, and to the instrument under which his estate or interest arises, and to the land therein comprised.
In any such case any reference in this Law to death as regards a tenant for life shall, where necessary, be deemed to refer to the determination by death or otherwise of such estate or interest as last aforesaid.
Defined Terms
tenant for lifesettlementsettled landtenant in tailbase feeexecutory limitationtenant for years determinable on lifetenant by the curtsyestate