(1) In any instrument
coming into operation after the coming into operation of this Act, a
limitation which, if this section had not operated would have created an
estate tail (legal or equitable) in any land in favour of any person shall be
deemed to create an estate in fee simple (legal or equitable, as the case may
be) in that land in favour of that person to the exclusion of all estates or
interests limited to take effect after the determination or in defeasance of
any such estate tail.
(2) Where at the
coming into operation of this Act any person is entitled to an estate tail
(legal or equitable), whether in possession, reversion, or remainder, in any
land, that person, except as hereinafter mentioned in this section, shall be
deemed to be entitled to an estate in fee simple (legal or equitable, as the
case may be) in that land, to the exclusion of all estates or interests
limited to take effect after the determination or in defeasance of any such
estate tail.
(3) In subsection (2)
the expression estate tail includes that estate in fee into which an estate
tail is converted where the issue in tail is barred, but the persons claiming
estates by way of remainder are not barred; also an estate in fee voidable or
determinable by the entry of the issue in tail; but does not include the
estate of a tenant in tail after possibility of issue extinct.