Registrar may bring land under this Act when conveyance is registered under Registration of Deeds Act
—(1) Upon the endorsement on any conveyance registered under the Registration of Deeds Act (Cap. 269) of the certificate required by section 7(2) of that Act, the Registrar of Deeds shall forward the conveyance to the Registrar who may deliver it to the person entitled thereto, or he may elect to bring the land comprised therein under the provisions of this Act by creating a qualified folio for the land.
(2) The Registrar shall not bring the land comprised in a conveyance referred to in subsection (1) under the provisions of this Act unless the conveyance purports to convey —
an estate in fee simple (whether at law or in equity);
an estate in perpetuity created by a statutory land grant; or
an estate held under a lease from the State having an unexpired term of not less than 10 years on the date the Registrar received the conveyance from the Registrar of Deeds.
(3) Subject to the provisions of this Division, the land comprised in a qualified folio shall be held and may be dealt with by the proprietor therein named in the same manner and subject to the same exceptions as similar tenure comprised in the folios which are not qualified as to title.
(4) Section 19(10), (11) and (12) shall, mutatis mutandis, apply to a qualified folio created under this section.
(5) The Registrar shall cancel any conveyance pertaining to any land which is brought under the provisions of this Act pursuant to this section.
(6) In this section, “conveyance” includes assignment and other assurance made by deed, deed of assent or settlement of an estate or interest in land or on any other dealing which disposes of wholly any freehold or leasehold estate referred to in subsection (2).