PART III SETTLED PROPERTY
CHAPTER IIF1 INTERESTS IN POSSESSION, REVERSIONARY INTERESTS AND SETTLEMENT POWERS
Annotations:
Amendments (Textual)
49BF2Transitional serial interests
Where a person is beneficially entitled to an interest in possession in settled property, for the purposes of this Chapter that interest is a “transitional serial interest” only—
a
if section 49C or 49D below so provides, or
b
if, and to the extent that, section 49E below so provides.
Words in the title of Chapter II substituted (24.7.2002 with effect in relation to transfers of value on or after 17.4.2002) by virtue of 2002 c. 23, s. 119(5)(6)