statutory rule against perpetuities

Legal Definition of statutory rule against perpetuities

: a statute setting forth the requirements for the vesting of a future interest in property and superseding the common-law rule against perpetuities especially : a uniform statute invalidating a future interest in property that is not certain to vest or terminate within a life in being plus 21 years or that does not vest or terminate within 90 years after its creation

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Cite this Entry

“Statutory rule against perpetuities.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/statutory%20rule%20against%20perpetuities. Accessed 2 Dec. 2021.

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