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

Dictionary Entries Near statutory rule against perpetuities

statutory rape

statutory rule against perpetuities

stay

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 16 Jul. 2024.

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