- rule against perpetuity
- Jur. règle de common law prohibant les dispositions à perpétuité
English-French dictionary of law, politics, economics & finance. Jean-Daniel Katz. 2010.
rule against perpetuity
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rule against perpetuities — often cap R&P: a common law rule stating that in order for a future interest to be good it must vest after its creation (as at the death of a testator) within a life in being or lives in being plus 21 years plus the period of gestation of any… … Law dictionary
rule against perpetuities — Principle that no interest in property is good unless it must vest, if at all, not later than 21 years, plus period of gestation, after some life or lives in being at time of creation of interest. Perkins v. Iglehart, 183 Md. 520, 39 A.2d 672,… … Black's law dictionary
perpetuities, rule against — See perpetuity rule (rule against perpetuities) … Black's law dictionary
perpetuity — per·pe·tu·i·ty /ˌpər pə tü ə tē, tyü / n pl ties 1: the quality, state, or duration of being perpetual devised to them in perpetuity 2 a: the condition of a future estate limited in such a way as not to vest within the period fixed by law for the … Law dictionary
perpetuity period — England, Wales A perpetuity period applies to future interests in assets (that is, interests that do not take effect immediately) that are subject to the rule against perpetuities. The perpetuity period may be: • A prescribed statutory period of… … Law dictionary
perpetuity — /parpatyuwadiy/ Continuing forever. Legally, pertaining to real property, any condition extending the inalienability or property beyond the time of a life or lives in being plus twenty one years. A perpetuity is a limitation which takes the… … Black's law dictionary
perpetuity — Literally, something that lasts forever. In an artificial sense of the term, as used in the law of property, a limitation of a contingent future interest in violation of the rule against perpetuities. A limitation, whether executory or by way of… … Ballentine's law dictionary
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