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statutory rule against perpetuities

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Legal Dictionary

Main Entry: statutory rule against perpetuities
: a statute setting forth the requirements for the vesting of a future interest in property and superseding the common-law rule against perpetuities; especially : a uniform statute invalidating a future interest in property that is not certain to vest or terminate within a life in being plus 21 years or that does not vest or terminate within 90 years after its creation
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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