14: Rule against perpetuity
The Transfer of Property Act · Federal Acts · Chapter II · in_force
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Rule against perpetuity.— No transfer of property can operate to create an interest which is to take effect after the life time of one or more persons living at the date of such transfer, and the minority of some person who shall be in existence at the expiration of that period, and to whom, if he attains full age, the interest created is to belong.
Related sections
13: Transfer for benefit of unborn person15: Transfer to class some of whom come under sections 13 and 1412: Condition making interest determinable on insolvency or attempted alienation16: Transfer to take effect on failure of prior interest11: Restriction repugnant to interest created17: Direction for accumulation
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