Perpetuities and Accumulations Act 2009

1. Introduction

2. Summary and Background

   1. The rule against perpetuities

      1. The common law rule

      2. Perpetuities and Accumulations Act 1964

   2. The rule against excessive accumulations

3. Summary

4. Territorial Extent and Application

5. Commentary on Sections

   1. Application of the rule against perpetuities

      1. Section 1: Application of the rule

      2. Section 2: Exceptions to the rule’s application

      3. Section 3: Power to specify exceptions

      4. Section 4: Abolition of existing exceptions

   2. Perpetuity period of 125 years

      1. Section 5: Perpetuity period

   3. Perpetuities: miscellaneous

      1. Section 6: Start of the perpetuity period

      2. Section 7: Wait and see rule

      3. Section 8: Exclusion of class members to avoid remoteness

      4. Section 9: Saving and acceleration of expectant interests

      5. Section 10: Determinable interests becoming absolute

      6. Section 11: Powers of appointment

      7. Section 12: Pre-commencement instruments: period difficult to ascertain

   4. Accumulations

      1. Section 13: Abolition of restrictions

      2. Section 14: Restrictions on accumulation for charitable trusts

   5. Application of statutory provisions

      1. Section 15: Application of the Act

      2. Section 16: Limitation of 1964 Act to existing instruments

   6. General

      1. Section 17: The Crown

      2. Section 18: Rule as to duration not affected

      3. Section 19: Provision made otherwise than by instrument

      4. Section 20: Interpretation

      5. Section 21: Repeals

6. Commencement

7. Hansard References

8. GLOSSARY