statutory rule against perpetuities
- A law detailing the conditions needed for a future claim to property, replacing the original common-law rule that aimed to prevent indefinite and potentially infinite restrictions on property
- The statutory rule against perpetuities helped clarify when a future interest in property could vest.
- In order to avoid complications, the statutory rule against perpetuities was considered while drafting the trust document.
- Applying the statutory rule against perpetuities ensures a timeframe for when an interest in a property can be claimed.
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