1964_PERPETUITIES_AND_ACCUMULATIONS_ORDINANCE — Page 11

HK Historical Laws 香港歷史法例 All AI Reviewed
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10

CAP. 257]

Perpetuities and Accumulations.

[1970 Ed.

Restriction on accumulation for the purchase of land.

[cf. 1925, c. 20, s. 166.]

Right to stop accumulations.

1964, c. 55, s. 14.

account in determining the periods for which accumulations are permitted to be made by section 17, and accordingly an express trust for accumulation for any other permitted period shall not be deemed to have been invalidated or become invalid, by reason of accumulations also having been made as aforesaid during such minority.

19. No person may settle or dispose of any property in such manner that the income thereof shall be wholly or partially accumulated for the purchase of land only, for any longer period than the duration of the minority or respective minorities of any person or persons who, under the limitations of the instrument directing the accumulation, would for the time being, if of full age, be entitled to the income so directed to be accumulated.

20. Section 7 shall apply to any question as to the right of beneficiaries to put an end to accumulations of income under any disposition as it applies to questions arising on the rule against perpetuities.

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10 CAP. 257] Perpetuities and Accumulations. [1970 Ed. Restriction on accumulation for the purchase of land. [cf. 1925, c. 20, s. 166.] Right to stop accumulations. 1964, c. 55, s. 14. account in determining the periods for which accumulations are permitted to be made by section 17, and accordingly an express trust for accumulation for any other permitted period shall not be deemed to have been invalidated or become invalid, by reason of accumulations also having been made as aforesaid during such minority. 19. No person may settle or dispose of any property in such manner that the income thereof shall be wholly or partially accumulated for the purchase of land only, for any longer period than the duration of the minority or respective minorities of any person or persons who, under the limitations of the instrument directing the accumulation, would for the time being, if of full age, be entitled to the income so directed to be accumulated. 20. Section 7 shall apply to any question as to the right of beneficiaries to put an end to accumulations of income under any disposition as it applies to questions arising on the rule against perpetuities.
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10 CAP. 257] Perpetuities and Accumulations. [1970 Ed. Restriction on accumulation for the purchase of land. [cf. 1925, c. 20, s. 166.] Right to stop accumulations. 1964, c. 55, s. 14. account in determining the periods for which accumulations are permitted to be made by section 17, and accordingly an express trust for accumulation for any other permitted period shall not be deemed to have been invalidated or become invalid, by reason of accumulations also having been made as aforesaid during such minority. 19. No person may settle or dispose of any property in such manner that the income thereof shall be wholly or partially accumulated for the purchase of land only, for any longer period than the duration of the minority or respective minorities of any person or persons who, under the limitations of the instrument directing the accumulation, would for the time being, if of full age, be entitled to the income so directed to be accumulated. 20. Section 7 shall apply to any question as to the right of beneficiaries to put an end to accumulations of income under any disposition as it applies to questions arising on the rule against perpetuities.
2026-05-05 05:08:13 · Baseline
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10

CAP. 257]

Perpetuities and Accumulations.

[1970 Ed.

Restriction on accumulation for the purchase of land.

[cf. 1925, c. 20, s. 166.]

Right to stop accumulations.

1964, c. 55, s. 14.

account in determining the periods for which accumulations are permitted to be made by section 17, and accordingly an express trust for accumulation for any other permitted period shall not be deemed to have been invalidated or become invalid, by reason of accumulations also having been made as aforesaid during such minority.

19. No person may settle or dispose of any property in such manner that the income thereof shall be wholly or partially accumulated for the purchase of land only, for any longer period than the duration of the minority or respective minorities of any person or persons who, under the limitations of the instrument directing the accumulation, would for the time being, if of full age, be entitled to the income so directed to be accumulated.

20. Section 7 shall apply to any question as to the right of beneficiaries to put an end to accumulations of income under any disposition as it applies to questions arising on the rule against perpetuities.

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