Law Books
Adverts from Google:
|
Home |
lawindexpro |
law-bytes |
law-index |
statutes |
Law Books |
Discuss Law |
lip-cases |
Contact Us
|
|
|||
Crown Copyright Acknowledged
Perpetuity and Accumulations Act 1964 (-)
Search lawindexpro for case law on this statute.
This document is for private study purposes only. It is likely not to reflect the law as it stands today. It may be incomplete, and some provisions are likely to have been repealed or amended, and new ones inserted.
Perpetuities
1:-
(1) Subject to section 9(2) of this Act and subsection 2 below, where the instrument by which any disposition is made so provides, the perpetuity period applicable to the disposition under the rule against perpetuities, instead of being of any other duration, shall be of a duration equal to such number of years not exceeding eighty as is specified in that behalf in the instrument.
(2) Subsection (1) above shall not have effect where the disposition is made in exercise of special power of appointment, but where a period is specified under that subsection in the instrument creating such a power the period shall apply in relation to any dispositin under the power as it applies in relation to the power itself.
