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Topic: Uniform Statutory Rule Against Perpetuities


  
  Learn more about List of Uniform Acts (United States) in the online encyclopedia.   (Site not responding. Last check: 2007-10-26)
Uniform Correction Or Clarification Of Defamation Act (1993)
Uniform Status Of Children Of Assisted Conception Act (1988)
Uniform Supervision Of Trustees For Charitable Purposes Act (1954)
www.onlineencyclopedia.org /l/li/list_of_uniform_acts__united_states_.html   (412 words)

  
 Rule against perpetuities - Voyager, the free encyclopedia   (Site not responding. Last check: 2007-10-26)
The rule against perpetuities is a rule in property law which prohibits a contingent grant or will from vesting outside a certain period of time.
The rule is concerned with the utility of unused property and tries to prevent people from tying up assets for too long a period of time—a concept often referred to as control by the "dead hand".
In order to avoid the complexities of the rule, many jurisdictions have statutes that either cancel out the rule entirely or put clearer limits on the period of time and who is effected by it.
www.voyager.in /Rule_against_perpetuities   (962 words)

  
 Board Certified Financial Analyst AMERICAN ACADEMY OF FINANCIAL MANAGEMENT Charter & Consultant Chartered & How to ...   (Site not responding. Last check: 2007-10-26)
The general rule in English common law is that unless the trust is established for an ascertainable beneficiary, that is, a person(s) who may enforce rights under the trust, it may not be for a purpose save a legally recognized charitable purpose.
For instance, while it is certainly true that the right of the beneficiary against the trustee may be one in personam, it is equally true that where the res has been wrongfully disposed of or dissipated, the beneficiary has a proprietary right in respect of the trust res.
Therefore if the trustee wrongfully conveys or gifts the trust property the action is normally against the trustee, however, trust property in the hands of a donee may normally be set aside and the proceeds of a conveyance in the hands of the breaching trustee may be traced.
www.financialcertified.com /newarticle2.html   (13406 words)

  
 Bibliography
Communicating the Appraisal: The Uniform Residential Appraisal Report, 2nd ed.
Morris, J. and M. Leach, The Rule against Perpetuities.
Lynn, Robert J. The Modern Rule Against Perpetuities.
www.deltaalpha.com /html/bibliography.php   (2327 words)

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