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House of Commons

Session 2008-09 Publications on the internet Other Bills before Parliament Bill Home Page

Index to Perpetuities And Accumulations Bill [HL]

INTRODUCTION SUMMARY AND BACKGROUND The rule against perpetuities Perpetuities and Accumulations Act 1964 The rule against excessive accumulations SUMMARY TERRITORIAL EXTENT AND APPLICATION COMMENTARY ON CLAUSES Clause 2: Exceptions to the rule’s application Clause 3: Power to specify exceptions Clause 4: Abolition of existing exceptions Perpetuity period of 125 years Perpetuities: miscellaneous Clause 7: Wait and see rule Clause 8: Exclusion of class members to avoid remoteness Clause 9: Saving and acceleration of expectant interests Clause 10: Determinable interests becoming absolute Clause 11: Powers of appointment Clause 12: Pre-commencement instruments: period difficult to ascertain Accumulations Clause 14: Restrictions on accumulation for charitable trusts Application of statutory provisions Clause 16: Limitation of 1964 Act to existing instruments General Clause 17: The Crown Clause 18: Rule as to duration not affected Clause 19: Provision made otherwise than by instrument Clause 20: Interpretation Clause 21: Repeals FINANCIAL EFFECTS OF THE BILL EFFECTS OF THE BILL ON PUBLIC MANPOWER SUMMARY OF THE IMPACT ASSESSMENT EUROPEAN CONVENTION ON HUMAN RIGHTS COMMENCEMENT

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