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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.
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.
The rule against perpetuities is an example of how older property laws can influence how families transfer and inherit property rights. Well-meaning grantors create wills defining their wishes …
[2] However, in the United Kingdom, the significance of the royal lives clause may have diminished as a result of the Perpetuities and Accumulations Act 1964, a legal act that reformed the rules against perpetuities in the country. [1] Similar reforms were also made in several Australian states and the Canadian province of British Columbia. [2]
Borland's Trustee v Steel Brothers & Co Ltd [1901] 1 Ch 279 is a UK company law case, concerning the enforceability of a company's constitution and the nature of a company share. It is also one of the rare exceptions to the rule that a transfer of assets which only takes effect upon a person's bankruptcy is normally void.
After much discussion and disagreement between the officials, the Permanent Settlement was made with the existing rajas and taluqdars of Bengal who were now classified as zamindars. They had to pay fixed revenue in perpetuity. Thus, zamindars were not the landowners but rather revenue collector agents of the state. [2]
[1]:n.1 His second footnote recited the infield fly rule in its entirety, followed by a dry observation that "Depending upon the circumstances, other rules which may or may not apply to a particular situation include, inter alia, [the Federal Rules of Civil Procedure], Rule Against Perpetuities, and Rule of Matthew 7:12 & Luke 6:31 (Golden ...
In the full year 2024 and quarter to date in Q1 2025, we raised $18.8 billion net proceeds through our at-the-market or ATM equity offering program, and raised $6.2 billion through the issuance of ...