31Power to dispose of all rights and interests in land

31 Power to dispose of all rights and interests in land (1) All rights and interests in land, including: (a) a contingent, executory or future interest in land or a possibility coupled with an interest in land, whether or not the object of the gift or limitation of the interest or possibility is ascertained; and (b) a right of entry into or on land whether immediate or future and whether vested or contingent, may be disposed of. (2) All rights of entry affecting a legal estate that are exercisable on condition broken or for any other reason may, on the commencement of this Act, be made exercisable by a person and the persons deriving title under that person, except that in the case of an estate in fee simple (not being a rent charge held for a legal estate) the rights may be made exercisable only within the period authorised by the rule relating to perpetuities.