A. A devise, gift, grant or other conveyance which creates or transfers an estate which, at common law, would be an estate in fee tail, shall be deemed and have the effect of a conveyance in fee simple.
B. A devise, gift, grant or other conveyance made by a person holding an estate under a conveyance which at common law would have given such person an estate in fee tail shall have effect as though such person were holding a fee simple estate.