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In This Volume

  • 1 In this Act:
  • “court” means the Supreme Court;
  • “disposition” includes the conferring of a power of appointment and any provision by which an interest in property or a right, power or authority over property is disposed of, created or conferred and also includes a possibility of reverter or resulting trust and a right of re-entry on breach of a condition subsequent;
  • “in being” means living or conceived but unborn;
  • “perpetuity period” means the period within which at common law as modified by this Act an interest must vest;
  • “power of appointment” includes any discretionary power to transfer a beneficial interest in property without the furnishing of valuable consideration;
  • “vesting” means vesting in interest.