Satisfied Terms Act 1845
SATISFIED TERMS ACT 1845 | ||
CAP. CXII. | ||
An Act to render the Assignment of satisfied Terms unnecessary. [8th August 1845.] | ||
On 31st Dec. 1845 satisfied Terms of Years attendant on Inheritance, &c. of Land, to cease except, &c. | ||
‘WHEREAS the Assignment of satisfied Terms has been found to be attended with great Difficulty, Delay, and Expence, and to operate in many Cases to the Prejudice of the Persons justly entitled to the Lands to which they relate:’ Be it therefore enacted by the Queen’s most Excellent Majesty, by and with the Advice and Consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the Authority of the same, That every satisfied Term of Years which either by express Declaration or by Construction of Law, shall upon the Thirty-first Day of December One thousand eight hundred and forty-five be attendant upon the Inheritance or Reversion of any Lands, shall on that Day absolutely cease and determine as to the Land upon the Inheritance or Reversion whereof such Term shall be attendant as aforesaid, except that every such Term of Years which shall be so attendant as aforesaid by express Declaration, although hereby made to cease and determine, shall afford to every Person the same Protection against every Incumbrance, Charge, Estate, Right, Action, Suit, Claim, and Demand as it would have afforded to him, if it had continued to subsist, but had not been assigned or dealt with, after the said Thirty-first Day of December One thousand eight hundred and forty-five, and shall for the Purpose of such Protection be considered in every Court of Law and of Equity to be a subsisting Term. |