122. Barrable powers.

Powers which may be barred by a tenant in tail are not obnoxious to the rule against perpetuities during the continuance of the estate tail; but a power of management annexed to an unbarrable estate during minorities, and not confined within the perpetuity period, is invalid1.

In relation to instruments to which the Perpetuities and Accumulations Act 1964 applies2, a power is not to be treated as void merely because it might be exercised outside the perpetuity period3. In so far as the power is in fact exercised within the perpetuity period, it is to be treated as if it