rule against perpetuities

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Definitions from the Web

Rule Against Perpetuities

Definition: The rule against perpetuities is a legal doctrine that limits the duration of a trust or other property interest, stating that no interest in property is valid unless it must vest, if at all, within certain time limits after the death of an identifiable individual.

Senses

Legal Sense: The rule against perpetuities is a fundamental principle in property law to prevent the creation of property interests that could potentially last indefinitely.

Usages

Sense: Legal

Example Sentence 1: The lawyer advised his client to ensure that the trust complied with the rule against perpetuities to avoid any future legal disputes.
Example Sentence 2: The court had to determine the validity of the property interest based on the application of the rule against perpetuities.

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