Perpetuities and Accumulations Act 2009
|Long title||An Act to amend the law relating to the avoidance of future interests on grounds of remoteness and the law relating to accumulations of income.|
|Citation||2009 c 18|
|Territorial extent||England and Wales|
|Royal assent||12 November 2009|
|History of passage through Parliament|
|Text of statute as originally enacted|
|Revised text of statute as amended|
The Act resulted from a Law Commission report published in 1998. It abolishes the rule against perpetuities in most non-trust contexts, such as easements. In relation to wills, however, the Act only applies to wills drawn up after 6 April 2010. A will drawn up before 6 April but executed later (upon the death of the testator) will continue to be bound by prior rules.
Sections 22 to 24 came into force on 12 November 2009
Sections 1 to 21 and the Schedule came into force on 6 April 2010.
- The citation of this Act by this short title is authorised by section 24 of this Act.
- The Perpetuities and Accumulations Act 2009, section 23
- Meadway 2010, p. 240
- Meadway 2010, p. 241
- The Perpetuities and Accumulations Act 2009, section 22(1)
- The Perpetuities and Accumulations Act 2009, section 22(2); the Perpetuities and Accumulations Act 2009 (Commencement) Order 2010 (S.I. 2010/37 (C.6)), article 2
- Meadway, Susannah (2010). "Perpetuities and Accumulations Act 2009". Trusts & Trustees. 16 (4): 240–246. doi:10.1093/tandt/ttq016.