Where the property is to be increased by accumulation, it is sufficient if within the perpetuity period there is a person in existence entitled to take the property, whatever its value or amount1, that is to say if the limitation is vested and in possession in other respects2.
Where, however, the direction for accumulation forms a condition precedent to the alienee's interest, and that accumulation may extend beyond the legal limits and cannot be stopped and the fund disposed of by the alienee, the direction is void
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