139Effect of extinguishment or reversion

139 Effect of extinguishment or reversion (1) Where a reversion expectant on a lease of land is surrendered or merged, the estate or interest which as against the lessee for the time being confers the next vested right to the land, shall be deemed the reversion for the purpose of preserving the same incidents and obligations as would have affected the original reversion had there been no surrender or merger thereof. (2) This section shall apply to surrenders or mergers effected after the first day of June One thousand eight hundred and sixty-four. No. 3754 s. 140.