56Persons not named as parties may take interest in land etc.

56 Persons not named as parties may take interest in land etc. (1) A person may take an immediate or other interest in land or other property, or the benefit of any condition, right of entry, covenant or agreement over or respecting land or other property, although he is not named as a party to the conveyance or other instrument. (2) A deed between parties, to effect its objects, shall have the effect of an indenture though not indented or expressed to be an indenture. No. 3754 s. 57.