44 Statutory commencements of title

44  Statutory commencements of title

(1)     After the commencement of this Act [fifteen years] shall be substituted for forty years as the period of commencement of title which a purchaser of land may require; nevertheless earlier title than [fifteen years] may be required in cases similar to those in which earlier title than forty years might immediately before the commencement of this Act be required.

(2)     Under a contract to grant or assign a term of years, whether derived or to be derived out of freehold or leasehold land, the intended lessee or assign shall not be entitled to call for the title to the freehold.

(3)     Under a contract to sell and assign a term of years derived out of a leasehold interest in land, the intended assign shall not have the right to call for the title to the leasehold reversion.

(4)     On a contract to grant a lease for a term of years to be derived out of

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