681. Introduction.

(ii)     Creation

681.     Introduction.

There are three ways in which annuities1 can be created, namely: (1) by deed2; (2) by or under the terms of a statute3; and (3) by will4.

After 1925 no annuity may be entered in the register of annuities5, although existing entries remain until vacated6. An annuity, if created before 1926 and not registered in the register of annuities, may be registered as a land charge of Class E7, and, unless registered as such, or before 1926 in the register of annuities, is void as against a purchaser or creditor of any interest in the