Search results
Results from the WOW.Com Content Network
The rule against perpetuities serves a number of purposes. First, English courts have long recognized that allowing owners to attach long-lasting contingencies to their property harms the ability of future generations to freely buy and sell the property, since few people would be willing to buy property that had unresolved issues regarding its ownership hanging over it.
Duke of Norfolk's Case (1682) 3 Ch Cas 1; 22 ER 931 is an important legal judgment of the House of Lords that established the common law rule against perpetuities.The case related to establishing inheritance for grandchildren of Henry Howard, 22nd Earl of Arundel including grandchildren who were not yet born.
That time period, historically, was determined under the old English common law "Rule Against Perpetuities", which required that an interest must vest, if ever, within twenty-one years after the death of a "life in being" at the creation of the interest. There are a few exceptions to this provision concerning a "definite beneficiary."
Definitions; rules of interpretation; jurisdiction and venue: 2 Intestacy, Wills, and Donative Transfers: Intestate succession of property; procedures for making, interpretation, and revocation of wills (includes Statutory rule against perpetuities and Uniform Simultaneous Death Act) 3 Probate of Wills and Administration
But in fact a share is an interest and consists of 'a series of mutual covenants entered into by all the shareholders inter se in accordance with section 16 of the Companies Act 1862.' [1] The argument about perpetuity has no application because the rule against perpetuities does not apply to personal contracts. [2]
Students who are against a state ban on DEI in colleges and universities gathered for a sit-in at the Capitol in March. Senate Bill 17, a new law gutting diversity, equity and inclusion programs ...
The Rule in Shelley's Case is a rule of law that may apply to certain future interests in real property and trusts created in common law jurisdictions. [1]: 181 It was applied as early as 1366 in The Provost of Beverly's Case [1]: 182 [2] but in its present form is derived from Shelley's Case (1581), [3] in which counsel stated the rule as follows:
What’s the Texas law behind mutual combat? The statute is in the Texas Penal Code section 22.06. It boils down to this : Someone charged with assault can point to the victim’s consent to fight ...