1970 Ed.]
Perpetuities and Accumulations.
[CAP. 257
1
CHAPTER 257.
Section.
PERPETUITIES AND ACCUMULATIONS ORDINANCE.
1.
Short title
2.
Interpretation...
3.
Application
ARRANGEMENT OF SECTIONS.
PRELIMINARY AND GENERAL.
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Page.
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PERPETUITIES,
4.
Abolition of the double possibility rule
3
5.
Restrictions on the perpetuity rule
3
6.
Power to specify perpetuity period
3
7.
Presumptions and evidence as to future parenthood
4
8.
Uncertainty as to remoteness
4
9.
Reduction of age and exclusion of class members to avoid remoteness
6
10.
Condition relating to death of surviving spouse
7
11.
Saving and acceleration of expectant interests
7
12.
Powers of appointment
7
13.
Administrative powers of trustees
7
14.
Options relating to land
8
15.
Avoidance of contractual and other rights in cases of remoteness
8
16.
Possibilities of resulting trust, conditions subsequent, exceptions and
reservations
8
17.
18.
19.
20.
ACCUMULATIONS.
General restrictions on accumulations of income
Qualification of restrictions on accumulation
Restriction on accumulation for the purchase of land
Right to stop accumulations
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