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Session 2008 - 09 Internet Publications Other Bills before Parliament

Perpetuities and Accumulations Bill [HL]

Perpetuities and Accumulations Bill [HL]
EXPLANATORY NOTES
Explanatory notes to the Bill, prepared by the Ministry of Justice, are published
separately as Bill 145—EN.
EUROPEAN CONVENTION ON HUMAN RIGHTS
Secretary Jack Straw has made the following statement under section 19(1)(a) of the
Human Rights Act 1998:
In my view the provisions of the Perpetuities and Accumulations Bill [HL] are
compatible with the Convention rights.
Bill 145                                                                                                 54/4
Perpetuities and Accumulations Bill [HL]
Contents
Application of rule against perpetuities
1    Application of the rule
2    Exceptions to rule’s application
3    Power to specify exceptions
4    Abolition of existing exceptions
Perpetuity period
5    Perpetuity period
Perpetuities: miscellaneous
6    Start of perpetuity period
7    Wait and see rule
8    Exclusion of class members to avoid remoteness
9    Saving and acceleration of expectant interests
10    Determinable interests becoming absolute
11    Powers of appointment
12    Pre-commencement instruments: period difficult to ascertain
Accumulations
13    Abolition of restrictions
14    Restriction on accumulation for charitable trusts
Application of statutory provisions
15    Application of this Act
16    Limitation of 1964 Act to existing instruments
General
17    The Crown
18    Rule as to duration not affected
19    Provision made otherwise than by instrument
20    Interpretation
21    Repeals
22    Commencement
Bill 145                                                                                                 54/4
Perpetuities and Accumulations Bill [HL] ii
23    Extent
24    Short title
Schedule    —    Repeals

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