 | 1911 - 1334 sivua
...effect on the happening of remote contingencies. It does not apply to Interests which are vested. So interest subject to a condition precedent is good,...the condition must be fulfilled, if at all, within the time limited by the role; but a vested interest cannot be subject to a condition precedent, and,... | |
 | 1927 - 1052 sivua
...rule against perpetuities is: "That no interest is good unless it must vest, if at all, not later than twenty-one years after some life in being at the creation of the interest." Gray's Rule against Perpetuities, § 201. [1-3] If the provisions of a will are such that under them... | |
 | United States - 1962 - 810 sivua
...interest in real or personal property is not valid unless it must vest, if at all, not later than 21 years after some life in being at the creation of the interest and any period ofgestation involved in the situation to which the limitation applies. The lives selected... | |
 | 1924 - 524 sivua
...Gray has defined it as follows:16 "No interest is good unless it must vest, if at all, not later than twenty-one years after some life in being at the creation of the interest." Professor Kales has objected to the ambiguity of the word "vest" in the above definition and has defined... | |
 | United States. Tax Court - 1945 - 1518 sivua
...Perpetuities (3d Ed.) sec. 201: "No interest Is good unless It must vest, If at all, not later than twenty-one years after some life In being at the creation of the interest." The rule was stated by this court In Re Johnston's Estate, 185 Pa. 179, 183, 39 A. 879, 880, 64 Am.... | |
 | Pennsylvania. Courts - 1923 - 936 sivua
...in being and twenty-one years. "No interest is good unless it must vest, if at all, not later than twenty-one years after some life in being at the creation of the interest:" Gray on Perpetuities, § 201. "If an absolute term is taken, and no anterior term for a life in being... | |
 | United States. Securities and Exchange Commission - 1977 - 630 sivua
...Perpetuities, at 191 (4th ed. 1942) ("No Interest is good unless it must vest, if at all, not later than twenty-one years after some life in being at the creation of the interest"); NY Est., Powers & Trusts Law S 9-1.1 (McKinney 1967). '3-B9Í O - 77 - 23 - 130 at death. 2237 A variation... | |
 | United States. Congress. House. Committee on the District of Columbia - 1981 - 216 sivua
...Perpetuities for example provides that No interest is good unless it must vest, if at all, not later than twenty-one years after some life in being at the creation of the interest. If a qualification in a grant runs afoul of the Rule, the offending portion of the grant is usually... | |
 | 1924 - 1030 sivua
...the property." Mr. Gray's statement of the rule of the common law against perpetuities la as follows: "No interest subject to a condition precedent is good,...years after some life in being at the creation of the estate." Gray, Perpetuities (2d Ed.) | 201. To this it may be added, in case of necessity, that of... | |
 | William P. LaPiana - 1994 - 265 sivua
...Perpetuities can be applied mechanically—"No interest is good unless it must vest, if at all, not later than twenty-one years after some life in being at the creation of the interest." 99 It is the clear line the "the law has laid down" to balance the desire to provide for future generations... | |
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... the rule against perpetuities. "The rule against perpetuities is thus stated : 'No interest subject to a condition precedent is good unless the condition must be fulfilled, if at all, within twenty-one years after some life in being at the creation... 
