(1) A contingent
remainder is and shall be deemed to have been capable of taking effect
notwithstanding the destruction or determination by forfeiture, surrender or
merger of any preceding estate of freehold in the same manner and in all
respects as if the destruction or determination had not happened.
(2) Every contingent
remainder in tenements or hereditaments of any tenure that would have been
valid as a springing or shifting use or executory devise or other limitation
had it not had a sufficient estate to support it as a contingent remainder, is
capable, in the event of the particular estate determining before the
contingent remainder vests, of taking effect in all respects as if the
contingent remainder had originally been created as a springing or shifting
use or executory devise or other limitation.