rule against perpetuities

This interest is never subject to the rule against perpetuities.

In English land law it reformed the rule against perpetuities.

The rule against perpetuities at common law has been amended by statutes.

So far, 13 states have eliminated rules against perpetuities, making dynasty trusts possible.

Charitable purpose trusts are exempt from the rule against perpetuities.

Interests that are not guaranteed to vest are subject to the rule against perpetuities.

We have seen that the rule against perpetuities is designed to regulate or to prevent practices which would restrict the free alienation of land.

The argument about perpetuity has no application because the rule against perpetuities does not apply to personal contracts.

The fertile octogenarian is a fictitious character that comes up when applying the rule against perpetuities.

Limitations of personal property, equally with those of real property, fall within the rule against perpetuities.

Reversion is not subject to the rule against perpetuities, because O's future interest is absolutely vested.

It abolishes the rule against perpetuities in most non-trust contexts, such as easements.

The clause became part of contractual drafting in response to common law rule developed by the courts known as the rule against perpetuities.

Alienation: B may divest his (absolutely) vested remainder, which is not subject to the rule against perpetuities.

I found law school discussions concerning the concept of "basis" or "stepped-up basis" to be about as easy to follow as the rule against perpetuities.

The rule against perpetuities is closely related to another doctrine in the common law of property, the rule against unreasonable restraints on alienation.

The trustee argued the article was void because it compromised ownership and property rights which tended to perpetuity, against the rule against perpetuities.

Prima facie the rules against perpetuities applies to the grant of easements over things not in existence at the date of the lease.

Cy pres doctrine was also instituted to mitigate the harshness of the common law Rule Against Perpetuities.

Several famous illustrations of the bizarre outcomes possible under the rule against perpetuities include the "fertile octogenarian", the "unborn widow", and the "precocious toddler".

According to the suit, the trust violates the rule against perpetuities, an arcane law that stipulates that a private trust must terminate after a certain time.

Among them were restatement of the law of property and trusts, the rule against perpetuities, powers of appointment and Federal income, gift and estate taxes.

The Wait and See Rule was instituted to eliminate or mitigate the harsh effect of the common law Rule Against Perpetuities.

(Certain detailed modifications of the effect of the rule against perpetuities are now enacted by the Perpetuities and Accumulations Act 1964.)

Rule Against Perpetuities and Rule Restricting Unreasonable Restraints on Alienation not applicable.