Section 64 — Property Law Act 2007: When gifts over cease to be capable of taking effect

64 When gifts over cease to be capable of taking effect (1) This section applies if— (a) a person ( person A ) is entitled to an estate or interest in land; and (b) the estate or interest is subject to a gift over to another person ( person B ) if person A has no issue or no issue of a specified class (whether at any specified time or within any specified period). (2) The gift over ceases to be capable of taking effect as soon as there is issue, or a member of the specified class of issue, who attains the age of 20 years. (3) Subsection (2) applies even if the issue may subsequently fail. (4) In this section, gift over includes a gift over expressed to take effect on the ending of an estate or interest preceding that of the person whose estate or interest is the subject of the gift over. Compare: 1952 No 51 s 23