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  2. Rule against perpetuities - Wikipedia

    en.wikipedia.org/wiki/Rule_against_perpetuities

    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.

  3. Duke of Norfolk's Case - Wikipedia

    en.wikipedia.org/wiki/Duke_of_Norfolk's_Case

    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.

  4. Royal lives clause - Wikipedia

    en.wikipedia.org/wiki/Royal_lives_clause

    The clause became part of contractual drafting in response to common law rule developed by the courts known as the rule against perpetuities. [note 1] That rule provided that any future disposition of property must vest within "a life in being plus 21 years". The rule generally affects two types of transactions: trusts and options to

  5. Rule in Shelley's Case - Wikipedia

    en.wikipedia.org/wiki/Rule_in_Shelley's_Case

    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:

  6. Perpetuities and Accumulations Act 1964 - Wikipedia

    en.wikipedia.org/wiki/Perpetuities_and...

    The reforms introduced a statutory limitation on how long income could be accumulated before it must be distributed. In 2009, many of the Act's principles were further reformed by the Perpetuities and Accumulations Act 2009, which introduced a single, simplified perpetuity period of 125 years, replacing the earlier rules. [1]

  7. PG&E restructuring highlights arcane California legal rule - AOL

    www.aol.com/news/pg-e-restructuring-highlights...

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  8. The Supreme Court rules against California woman whose ... - AOL

    www.aol.com/news/supreme-court-rules-against...

    The majority ruled against Los Angeles civil rights attorney Sandra Muñoz, who was last able to live with her Salvadoran husband nearly 10 years ago. The couple started the process of getting an ...

  9. Purpose trusts in English law - Wikipedia

    en.wikipedia.org/wiki/Purpose_trusts_in_English_law

    In addition, the courts have recognised exceptions to the rules against purpose trusts. The erection and maintenance of tombs and monuments is a valid trust, as in Musset v Bingle; [17] this will not be held valid if the gift violates the perpetuity rule, or if the scale of the monument is "capricious and wasteful". [18]