compound settlement

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A settlement of land arising from a series of trust instruments, e.g. a resettlement following the barring of an entailed interest. Under the Settled Land Act 1925 the trustees of the original settlement (or if there are none, those of the resettlement) are treated as the trustees of the compound settlement. Thus the tenant for life is always able to overreach the interests of all other beneficiaries (see overreaching).

Subjects: Law.

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