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Topic: Rule against perpetuities

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	PERPETUITY - LoveToKnow Article on PERPETUITY (Site not responding. Last check: 2007-10-25)
		perpetuus, continuous), the state of being perpetual or continuing for an indefinite time; in law the tying-up of an estate for a lengthened period, for the purpose of preventing or restricting alienation.
		There are certain exceptions to the rule, as in the case of limitations in mortmain and to charitable uses, and also in the case of a perpetuity created by act of parliament (e.g.
		In the United States the English common-law rule against perpetuities obtains in many of the states; in others it has been replaced or reinforced by statutory rules (see Gray on Alienation, 42).
	www.1911ency.org /P/PE/PERPETUITY.htm (186 words)

	APPOINTMENT, POWER OF - Online Information article about APPOINTMENT, POWER OF
		The same rule is applied in cases of excessive execution where the power is exercised in favour of persons some of whom are and some of whom are not objects of the power.
		reason of the rule against perpetuities, but this is not so in the case of a general power, for there the appointor is virtually owner of the property appointed.
		In applying this rule to appointments a distinction arises between powers created by deed and will, for a deed speaks from the date of its execution but a will from the death of the testator, and so limitations See also:
	encyclopedia.jrank.org /APO_ARN/APPOINTMENT_POWER_OF.html (1692 words)

	Dictionary.com/perpetuity
		The quality or condition of being perpetual: “The perpetuity of the Church was an article of faith” (Morris L. West).
		The condition of an estate that is limited so as to be inalienable either perpetually or longer than the period determined by law.
		The concept of a perpetuity is used often in financial theory, such as the dividend discount model (DDM).
	dictionary.reference.com /search?q=perpetuity (276 words)

	Benjamin N. Cardozo School of Law (Site not responding. Last check: 2007-10-25)
		L.J. In Defense of the No Further Inquiry Rule: A Response to John Langbein, 47 Wm.
		• Jurisdictional Competition to Abolish the Rule Against Perpetuities: RIP for the RAP, 24 Cardozo L. Rev. 2097 (2003).
		• Skepticism, Rules and Interpretation, in Skepticism and Interpretation, (J. Conant and A. Kern eds., Stanford Univ. Press 2005).
	www.cardozo.yu.edu /faculty_staff/publications.asp (5009 words)

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