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SETTLED LAND ACT 1882 - SECT 50

50.(1) The powers under this Act of a tenant for life are not capable of
assignment or release, and do not pass to a person as being, by operation of
law or otherwise, an assignee of a tenant for life, and remain exerciseable by
the tenant for life after and notwithstanding any assignment, by operation of
law or otherwise, of his estate or interest under the settlement.

(2) A contract by a tenant for life not to exercise any of his powers under
this Act is void.

(3) But this section shall operate without prejudice to the rights of any
person being an assignee for value of the estate or interest of the tenant for
life; and in that case the assignee's rights shall not be affected without his
consent, except that, unless the assignee is actually in possession of the
settled land or part thereof, his consent shall not be requisite for the
making of leases thereof by the tenant for life, provided the leases are made
at the best rent that can reasonably be obtained, without fine, and in other
respects are in conformity with this Act.

(4) This section extends to assignments made or coming into operation before
or after and to acts done before or after the commencment of this Act; and in
this section assignment includes assignment by way of mortgage, and any
partial or qualified assignment, and any charge or incumbrance; and assignee
has a meaning corresponding with that of assignment.

© 1882 Crown Copyright

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