Perpetuity - Law Dictionary Search Results
wait and see
until circumstances make clear whether or not the interest will vest within a time limit compare rule against perpetuities NOTE: A minority of states have adopted the wait and see doctrine.
succession
succession 1 a : the order in which or the conditions under which one person after another succeeds to a property, dignity, position, title, or throne [the sequence of to the presidency] b : the right...
stare decisis
stability in the administration of justice with departure from precedent permitted for compelling reasons (as to prevent the perpetuation of injustice)
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life in being
[the interest must vest by the end of lives in being plus 21 years] see also rule against perpetuities
injunction
and remaining in force at least until the defendant has complied with its provisions called also final injunction perpetual injunction preliminary injunction : an interlocutory injunction issued before a trial for purposes of preventing the defendant from
ground rent
to himself or herself or his or her heirs by the grantor of land in fee simple, on perpetual lease, or on lease for a renewable term of years NOTE: Ground rent in this sense is found
fertile octogenarian rule
of any age is capable of having children for purposes of determining the applicability of the rule against perpetuities
entail
;also : the practice of entailing property [the repeal of the laws of would prevent the accumulation and perpetuation of wealth in select families "Thomas Jefferson"] see also De Donis Conditionalibus in the Important Laws section 2
corporation
voluntary chartered association of individuals that has most of the rights and duties of natural persons but with perpetual existence and limited liability see also pierce compare association, partnership, sole proprietorship close corporation [klōs-] : a corporation
Advowson
advowson, it is then said to be appendant, i.e., annexed to the demesnes of such manor, which subsist perpetually. A presentative advowson in gross is a right of patronage self-subsistent, belonging to the patron as an individual,
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