Sentence examples for against perpetuity from inspiring English sources

Laws restricting the construction of dynasties are part of an even longer tradition: "rules against perpetuity" are a holdover from common law established in 1682 … to prevent nobles from arbitrarily designating continual generational transfer of property.

The term, however, was limited by the rule against perpetuities.

So far, 13 states have eliminated rules against perpetuities, making dynasty trusts possible.

One study found that nearly $100 billion in trust funds moved to states that repealed their rule against perpetuities.

MR. LESSIG: Right, and we submit the framers had something very different in mind than the rule against perpetuities.

The rule against perpetuities was repealed, and dynasty trusts — tax-exempt trusts that could benefit generation after generation of heirs — were born.

According to the suit, the trust violates the rule against perpetuities, an arcane law that stipulates that a private trust must terminate after a certain time.

"To our surprise often it is reconcilable," Mr. Daily said, whether in modern legal doctrines or centuries-old legal arcana like the British common-law rule against perpetuities and the law of outlawry.

This type of trust is new because until very recently most states had a "rule against perpetuities," which limited the term of any family trust to about 90 years, after which time the family members would own the property outright.

The spring of our first year in New Haven, we began reading Frost's poems aloud to each other, as antidotes to the gruelling hours of reading cases on replevin and the rule against perpetuities and theories of intent and negligence — the usual shackles law students wear at exam time.

MR. LESSIG: Well, if it is limited, then there is no limit to the ability of Congress to extend subsisting terms, and that fundamentally destroys the objective that the JUSTICE O'CONNOR: Rule against perpetuities might jump in there at some point.