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rule against perpetuities Law Definition

n

The common law principle that prohibits granting of an estate that will not vest within 21 years of that granting, that is, within 21 years of the death of the person who created the interest. Its purpose is to limit the amount of time that title to a property could be suspended and thereby keep the property from becoming available in the market.

Browse dictionary entries near rule against perpetuities

  1. ‹ Rule 27‑11
  2. ‹ Rule 144A
  3. ‹ Rule 144
  4. ‹ rule
  5. ‹ Ruisdael
  6. ‹ ruins
  7. ‹ ruinous
  8. ‹ ruined
  9. ‹ ruination
  10. ‹ ruinate
  1. rule in Shelley’s Case ›
  2. rule in Wild’s Case ›
  3. rule of 72 ›
  4. rule of capture ›
  5. rule of law ›
  6. rule of three ›
  7. rule of thumb ›
  8. rule out ›
  9. ruled ›
  10. ruled surface ›