12Persons taking who are not parties

12 Persons taking who are not parties (1) In respect of a conveyance or other instrument executed after the commencement of this Act, a person may take: (a) an immediate or other interest in land; or (b) the benefit of any condition, right of entry, covenant or agreement over or in respect of land, even though the person may not have executed the conveyance or other instrument, may not be named as a party to the conveyance or other instrument or may not have been identified or in existence at the date of execution of the conveyance or other instrument. (2) A person referred to in subsection (1) may sue, and is entitled to all rights and remedies in respect of the conveyance or other instrument, as if the person had been named as a party to and had executed the conveyance or other instrument.