1964_PERPETUITIES_AND_ACCUMULATIONS_ORDINANCE — Page 2

1970 Ed.]

Perpetuities and Accumulations.

[CAP. 257

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CHAPTER 257.

Section.

PERPETUITIES AND ACCUMULATIONS ORDINANCE.

1.

Short title

2.

Interpretation...

3.

Application

ARRANGEMENT OF SECTIONS.

PRELIMINARY AND GENERAL.

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PERPETUITIES,

4.

Abolition of the double possibility rule

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5.

Restrictions on the perpetuity rule

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6.

Power to specify perpetuity period

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7.

Presumptions and evidence as to future parenthood

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8.

Uncertainty as to remoteness

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9.

Reduction of age and exclusion of class members to avoid remoteness

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10.

Condition relating to death of surviving spouse

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Saving and acceleration of expectant interests

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12.

Powers of appointment

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13.

Administrative powers of trustees

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14.

Options relating to land

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15.

Avoidance of contractual and other rights in cases of remoteness

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16.

Possibilities of resulting trust, conditions subsequent, exceptions and

reservations

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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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