MLchartDataset catalogue

Rule against perpetuities

Term · Law · MLC-T-LAW-004368

A common law principle that prevents property interests from being tied up indefinitely in the future, invalidating any interest that does not vest within a certain period. The traditional period is defined as 21 years after the death of a relevant person who was alive when the interest was created. Many jurisdictions have modified or abolished this rule through statutes, such as the Uniform Statutory Rule Against Perpetuities, which sets a 90-year waiting period.

Table 1. Record
IdentifierMLC-T-LAW-004368
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004368",
  "term": "Rule against perpetuities",
  "field": "Law",
  "definition": "A common law principle that prevents property interests from being tied up indefinitely in the future, invalidating any interest that does not vest within a certain period. The traditional period is defined as 21 years after the death of a relevant person who was alive when the interest was created. Many jurisdictions have modified or abolished this rule through statutes, such as the Uniform Statutory Rule Against Perpetuities, which sets a 90-year waiting period.",
  "url": "https://mlchart.com/terminology/law/rule-against-perpetuities/"
}

Record 4,434 of 5,445 in Law terminology (MLC-0107). Request the full dataset.