132Restriction on executory limitations

132 Restriction on executory limitations (1) Where there is a person entitled to— (a) land for an estate in fee-simple or for any less interest; or (b) any interest in other property— with an executory limitation over on default or failure of all or any of his issue, whether within or at any specified period or time or not, that executory limitation shall be or become void and incapable of taking effect, if and as soon as there is living any issue who has attained the age of twenty-one years of the class on default or failure whereof the limitation over was to take effect. (2) This section shall apply where the executory limitation is contained in an instrument coming into operation after the thirty-first day of January One thousand nine hundred and five. Cf. [1267] 52 Henry III. (Statute of Marleberge) c. XXIII. S. 132A inserted by No. 9407 s. 6(c).