(1) Subject to subsection (2), all future interests in land, whether vested or contingent, exist in equity only.
(2) Subsection (1) does not apply to -
(a) a possibility of reverter, or
(b) a right of entry or of re-entry attached to a legal estate.
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 December 2009 - onwards