703. Perpetual annuities.

703.     Perpetual annuities.

An annuity1 bequeathed to a person will be perpetual where the words indicate its perpetual continuance after his death2. This has been held to be the case, for instance, where the annuitant is given power to leave it by will3, where the annuity is given to him 'for ever'4, or where there is a gift over if he dies without issue5. A perpetual annuity may be given to a corporation or to an unincorporated body6.

Similarly, an annuity is perpetual where the words amount to