Rule Against Trusts of Perpetual Duration Law and Legal Definition
Rule against Trusts of Perpetual Duration is a rule that prohibits noncharitable trusts from lasting beyond the perpetuity period, i.e. a lifetime presently existing plus a period of 21 years. All non-charitable trusts must conform to the rule. A trust that may last beyond that period is void. This is similar to rule against inalienability which prevents property from being rendered incapable of transfer within the perpetuity period.
Legal Definition list
- Rule against Pyramiding Inferences
- Rule Against Perpetuities
- Rule Against Inalienability
- Rule Against Accumulations
- Rule Absolute
- Rule Against Trusts of Perpetual Duration
- Rule against Vitiation of a Claim Element [Patent]
- Rule in Aerocide
- Rule in Foss v Harbottle
- Rule in Heydon's Case
- Rule in Queen Caroline's Case
