Definitions for rule against perpetuities
rule against per·pe·tu·ities

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1. rule against perpetuitiesnoun

   The rule that prevents a testator or other transferor of property from controlling further transfer of his property more than twenty-one years after the death of anyone alive at the time of the original transfer who may have some interest in the transfer.

2. rule against perpetuitiesnoun

   Any rule that prevents a testator or other transferor of property from controlling further transfer of his property beyond a certain length of time.

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1. Rule against perpetuities

   The common law rule against perpetuities forbids some future interests that may not vest within the time permitted; the rule "limit[s] the testator's power to earmark gifts for remote descendants". In essence, the rule prevents a person from putting qualifications and criteria in his will that will continue to control or affect the distribution of assets long after he or she has died, a concept often referred to as control by the "dead hand" or "mortmain". The rule is often stated as follows: “No interest is good unless it must vest, if at all, not later than twenty-one years after the death of some life in being at the creation of the interest.” For the purposes of the rule, a life is "in being" at conception. Although most discussions and analysis relating to the rule revolve around wills and trusts, the rule applies to any future dispositions of property, including options. When a part of a grant or will violates the rule, only that portion of the grant or devise is removed. All other parts that do not violate the rule are still valid. The perpetuities period under the common law rule is not a fixed term of years. By its terms, the rule limits the period to at the latest 21 years after the death of the last identifiable individual living at the time the interest was created. This "measuring" or "validating" life need not have been a purchaser or taker in the conveyance or devise. The measuring life could be the grantor, a life tenant, a tenant for a term of years, or in the case of a contingent remainder or executory devise to a class of unascertained individuals, the person capable of producing members of that class.

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1. rule against perpetuities

   The archaic uses of land that created monopoly of wealth with the monarchy.

   This rule probably still exist in rural part of the world

   
   

   Submitted by anonymous on August 4, 2019  

How to pronounce rule against perpetuities?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say rule against perpetuities in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of rule against perpetuities in Chaldean Numerology is: 5

2. Pythagorean Numerology

   The numerical value of rule against perpetuities in Pythagorean Numerology is: 2

References

1. ^ Wiktionary
   https://en.wiktionary.org/wiki/Rule_Against_Perpetuities
2. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=rule against perpetuities