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by | Mar 16, 2018 | Hosta

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The Perpetuities and Accumulations Act 2009 (c. 18) is an Act of the Parliament of the United Kingdom that reforms the rule against perpetuities.

The Act resulted from a Law Commission report published in 1998.[3] It abolishes the rule against perpetuities in most non-trust contexts, such as easements.[3] In relation to wills, however, the Act only applies to wills drawn up after 6 April 2010. A will drawn up before 6 April but executed later (upon the death of the testator) will continue to be bound by prior rules.[4]

Commencement

Sections 22 to 24 came into force on 12 November 2009[5]

Sections 1 to 21 and the Schedule came into force on 6 April 2010.[6]

See also

Notes

  1. ^ The citation of this Act by this short title is authorised by section 24 of this Act.
  2. ^ The Perpetuities and Accumulations Act 2009, section 23
  3. ^ a b Meadway 2010, p. 240
  4. ^ Meadway 2010, p. 241
  5. ^ The Perpetuities and Accumulations Act 2009, section 22(1)
  6. ^ The Perpetuities and Accumulations Act 2009, section 22(2); the Perpetuities and Accumulations Act 2009 (Commencement) Order 2010 (S.I. 2010/37 (C.6)), article 2

References

  • Meadway, Susannah (2010). "Perpetuities and Accumulations Act 2009". Trusts & Trustees. 16 (4): 240–246. doi:10.1093/tandt/ttq016.
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