145. No new strict settlements.

(2)     Limited Owners of Property

(i)     Settlements

145.     No new strict settlements.

No settlement created after 1 January 19971 is a settlement for the purposes of the Settled Land Act 1925 and no settlement is deemed to be made under that Act after that date2. Where a person purports by an instrument coming into operation after 1 January 1997 to grant an entailed interest in real or personal property, the instrument is not effective to grant an entailed interest3.