Interpretation of Part III

(1) In this Part “real estate” includesAdministration of Estates Act 15 (a) chattels real, and land in possession, remainder or reversion, and every interest in or over land to which a deceased person was entitled at the time of his death; and (b) real estate held on trust, including settled land, but does not include money to arise under a trust for sale of land, nor money secured or charged on land. (2) A testator shall be deemed to have been entitled at his death to any interest in real estate passing under any gift contained in his will which operates as an appointment under a general power to appoint by will, or operates under the testamentary power conferred by statute to dispose of an entailed interest. (3) An entailed interest of a deceased person shall, unless disposed of under testamentary power conferred by statute, be deemed an interest ceasing on his death, but any further or other interest of the deceased in the same property in remainder or reversion which is capable of being disposed of by his will shall not be deemed to be an interest so ceasing. (4) The interest of a deceased person under a joint tenancy where another tenant survives the deceased is an interest ceasing on his death. (5) Where any real or personal property or any interest therein is or has been vested in a corporation sole, including the (a) the interest of the corporator therein shall, on the death of the corporator, be deemed to be an interest ceasing on his death; (b) the real and personal property of the corporation shall, unless and until otherwise disposed of by the corporation, pass and 16 Administration of Estates Act devolve to and vest in, and be deemed always to have passed and devolved to or vested in, the successors from time to time of such corporation.