Property
(1) Property is all property wherever situated and includes-
(a) money,
(b) all forms of property, real or personal, heritable or moveable,
(c) things in action and other intangible or incorporeal property.
(2) Any reference to a person's property (whether expressed as a reference to the property he holds or otherwise) is to be read as follows.
(3) In relation to land, it is a reference to any interest which he holds in the land.
(4) In relation to property other than land, it is a reference-
(a) to the property (if it belongs to him), or
(b) to any other interest which he holds in the property.
Obtaining and disposing of property
(1) References to a person disposing of his property include a reference-
(a) to his disposing of a part of it, or
(b) to his granting an interest in it,
(or to both); and references to the property disposed of are to any property obtained on the disposal.
(2) If a person grants an interest in property of his which is earmarked as ter
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