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KembaraXtra – Legal Terms – Perpetuity
Perpetuity refers to an indefinite or potentially endless duration in relation to property interests or trusts.
The concept is closely linked to the rule against perpetuities.
The law generally restricts arrangements that tie up property indefinitely.
The purpose of the rule is to prevent excessive long-term control over property ownership and transfer.
Modern legislation has modified traditional perpetuity rules in many jurisdictions.
Perpetuity refers to an indefinite or potentially endless duration in relation to property interests or trusts.
The concept is closely linked to the rule against perpetuities.
The law generally restricts arrangements that tie up property indefinitely.
The purpose of the rule is to prevent excessive long-term control over property ownership and transfer.
Modern legislation has modified traditional perpetuity rules in many jurisdictions.
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