rule against
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rule against perpetuities — often cap R&P: a common law rule stating that in order for a future interest to be good it must vest after its creation (as at the death of a testator) within a life in being or lives in being plus 21 years plus the period of gestation of any… … Law dictionary
rule against accumulations — A principle that prohibits adding income or interest earned by a trust back into the principal of the fund beyond the time allowed by the rule against perpetuities. Dictionary from West s Encyclopedia of American Law. 2005. rule against… … Law dictionary
rule against excessive accumulations — England, Wales The statutory rule that prohibits trustees from accumulating income (accumulated income) outside the accumulation periods permitted under section 164 of the Law of Property Act 1925 and section 13 of the Perpetuities and… … Law dictionary
Rule against perpetuities — The rule against perpetuities is a rule of law in effect under the property, trusts, estate, and contract law of many common law jurisdictions. The rule invalidates certain future interests (traditionally contingent remainders and executory… … Wikipedia
rule against perpetuities — Principle that no interest in property is good unless it must vest, if at all, not later than 21 years, plus period of gestation, after some life or lives in being at time of creation of interest. Perkins v. Iglehart, 183 Md. 520, 39 A.2d 672,… … Black's law dictionary
rule against accumulations — A rule based on the English statute known as the Thelluson Act or on equivalent laws enacted in other jurisdictions rendering nugatory provisions for the accumulation of the rents and profits of property beyond a certain period provided by the… … Ballentine's law dictionary
rule against suspension of power of alienation — A rule under statute, distinct from the rule against perpetuities, which prohibits the imposing of conditions in rendering property inalienable beyond a period fixed by the statute. 41 Am J1st Perp § 2 … Ballentine's law dictionary
rule against perpetuities — noun a) The rule that prevents a testator or other transferor of property from controlling further transfer of his property more than twenty one years after the death of anyone alive at the time of the original transfer who may have some interest … Wiktionary
rule against accumulations — A rule rendering an accumulation of income beyond the period of perpetuities void … Black's law dictionary
rule against accumulations — A rule rendering an accumulation of income beyond the period of perpetuities void … Black's law dictionary
