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Owner of Reversion, &c. to be deemed Owner of Estate created on Conversion.
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XXXVI. And be it enacted, That every Person who under the Provisions herein-before contained would for the Purposes of this Act be deemed the Owner of the Reversion or of a Lease or Under-lease in Perpetuity if the same were not converted under this Act, shall, where such Reversion, or the Estate held under such Lease or Under-lease, has been so converted, be deemed for the Purposes of this Act the Owner of the Estate created by such Conversion.
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