Rule Against Perpetuity
Reshma K
(Querist) 20 March 2011
This query is : Open
Hi, Can you explain the Rule of perpetuity in simple. I am not able to understand the logic of 18 years.
When the prior interest dies, the vesting can be delayed upto maximum of 18 years. I don't understand this logic...why would they delay for 18 years...what are the reasons...who holds the interest in the property till then....
I fail to understand how this mere dealy of 18 years is related to perpetuity??? can you pls explain. Also what is the need for two separate sections 13 and 14, how are the two sections really different, except for the additional talk of 18 years in sec 14...can you provide some clarity
