46—Reversion expectant on lease not to be extinguished
The reversion expectant upon a lease shall not be deemed to have been
extinguished in consequence of the land comprised in such lease having been
brought under the provisions of this Act, and the registered proprietor of any
land which is subject to a lease granted prior to the first certificate being
issued in respect of such land, shall be held in all Courts to be seized of
the reversion expectant upon such lease, and to have all the powers, rights
and remedies to which a reversioner is by law entitled and shall be subject to
all covenants and conditions in such lease expressed or implied to be
performed on the part of the lessor.