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SATISFIED TERMS ACT 1845

SATISFIED TERMS ACT 1845 - LONG TITLE

An Act to render the Assignment of satisfied Terms unnecessary.{1}
[8th August 1845]
Preamble rep. by SLR 1891[

SATISFIED TERMS ACT 1845 - SECT 1
Satisfied terms of years attendant on inheritance, &c. of land, on
31st Dec. 1845, to cease, but to afford the same protection as if
still subsisting but not assigned or dealt with.

1.] Every satisfied term of years which, either by express
declaration or by construction of law, shall upon the thirty-first
day of December one thousand eight hundred and forty-five be
attendant upon the inheritance or reversion of any lands shall on
that day absolutely cease and determine as to the land upon the
inheritance or reversion whereof such term shall be attendant as
aforesaid, except that every such term of years which shall be so
attendant as aforesaid by express declaration, although hereby made
to cease and determine, shall afford to every person the same
protection against every incumbrance, charge, estate, right, action,
suit, claim, and demand as it would have afforded to him if it
had continued to subsist, but had not been assigned or dealt with,
after the said thirty-first day of December one thousand eight
hundred and forty-five, and shall for the purposes of such
protection be considered in every court of law and of equity to be
a subsisting term.

SATISFIED TERMS ACT 1845 - SECT 2
Terms becoming satisfied, and attendant upon inheritance, &c. of
lands, after 31st Dec. 1845, to cease.

2. Every term of years now subsisting or hereafter to be created,
becoming satisfied after the said thirty-first day of December one
thousand eight hundred and forty-five, and which, either by express
declaration or by construction of law, shall after that day become
attendant upon the inheritance or reversion of any lands, shall
immediately upon the same becoming so attendant absolutely cease and
determine as to the land upon the inheritance or reversion whereof
such term shall become attendant as aforesaid.

SATISFIED TERMS ACT 1845 - SECT 3
Interpretation of terms.

3. In the construction and for the purposes of this Act, unless
there be something in the subject or context repugnant to such
construction, the word "lands" shall extend to all freehold tenements
and hereditaments, whether corporeal or incorporeal, and to all such
customary land as will pass by deed, or deed and admittance, and
not by surrender, or any undivided part or share thereof
respectively; and every word importing the singular number only shall
extend and be applied to several persons or things as well as one
person or thing; and every word importing the masculine gender only
shall extend and be applied to a female as well as a male.