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单词 rule against perpetual trusts
释义

rule against perpetual trusts
The rule that prohibits non-charitable trusts from lasting beyond the perpetuity period. At common law the perpetuity period is a life in being plus 21 years (or just 21 years when there is no life in being, e.g. a non-charitable purpose trust). The Perpetuities and Accumulations Act 2009 introduced a perpetuity period of 125 years for trusts created after 6 April 2010. Section 18 of the 2009 Act provides that non-charitable purpose trusts remain subject to a perpetuity period of 21 years. Compare rule against inalienability; rule against perpetuities.

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更新时间:2024/10/27 3:42:22