14. Exceptions to the rule of perpetuities under the Perpetuities and Accumulations Act 2009.

Following the Perpetuities and Accumulations Act 2009 the rule against perpetuities will only apply to estates, interests, rights and powers as expressly provided under the Act1, but the following are expressly exempted from the application of the rule2:

  1.  

    (1)     an estate or interest created so as to vest in a charity on the occurrence of an event if immediately before the occurrence an estate or interest in the property concerned is vested in another charity3;

  2.  

    (2)     a right exercisable by a charity on the occurrence of an event if immediately before the occurrence an estate or interest in the

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