310. Persons with interests in settled land.

310.     Persons with interests in settled land.

Where the equity of redemption is incident to settled land1, the land will be vested in the tenant for life or statutory owners as trustees for all persons beneficially interested2, and the primary right of redemption is in him or them, although, if he or they improperly refuse to exercise that right, any persons beneficially interested can redeem3. The persons beneficially interested include life tenants and remaindermen, although perhaps not remaindermen beyond the first estate of inheritance4. A remainderman cannot redeem a mortgage on