Marriage settlements by infants

It shall be lawful for every infant, upon or in contemplation of his or her marriage, with the sanction of the court, to make a valid and binding settlement or contract for a settlement of all or any part of his or her property, whether real or personal, and whether in possession, reversion, remainder or expectancy. Every conveyance, appointment and assignment of such real or personal estate, or contract to make a conveyance, appointment or assignment thereof, executed by the infant, with the approbation of the court, for the purpose of giving effect to the settlement, shall be as valid and effectual as if the person executing the same were eighteen years, Provided that this enactment shall not extend to powers of which it is expressly declared that they shall not be exercised by an infant.