Perpetuities and Accumulations Act 2009 information
United Kingdom legislation
Perpetuities and Accumulations Act 2009[1]
Parliament of the United Kingdom
Long title
An Act to amend the law relating to the avoidance of future interests on grounds of remoteness and the law relating to accumulations of income.
Citation
2009 c 18
Territorial extent
England and Wales[2]
Dates
Royal assent
12 November 2009
History of passage through Parliament
Text of statute as originally enacted
Revised text of statute as amended
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]
^The citation of this Act by this short title is authorised by section 24 of this Act.
^The Perpetuities and Accumulations Act 2009, section 23
^ abMeadway 2010, p. 240
^Meadway 2010, p. 241
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reformed the rule against perpetuities. PerpetuitiesandAccumulationsAct2009 Text of the PerpetuitiesandAccumulationsAct 1964 as in force today (including...
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