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
Dictionary Entries Near statutory rule against perpetuities
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“Statutory rule against perpetuities.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/statutory%20rule%20against%20perpetuities. Accessed 29 Nov. 2024.
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