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RULE AGAINST PERPETUITIES

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A common law rule that prohibits suspending the transfer of property for a time that is greater than either (a) 21 years or (b) 21 years after the last identifiable individual living at the time the interest was created (life in being). The goal of this rule is to prevent the control of property by an individual long after they have died.

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