Where the Perpetuities and Accumulations Act 1964 applies1, it provides its own rules as to the duration of the perpetuity period. In certain situations the period is a fixed number of years2, but otherwise it is determined by reference to the duration of a life or lives in being stipulated by the Act3.
Except for a disposition4 which purports to confer an option to acquire for valuable consideration any interest in land5, or the exercise of a special power of appointment6, where the instrument by which any disposition is made so provides, the perpetuity period applicable to the disposition under
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