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  • 7 (1) Subject to subsection (2), an interest in property which either
  • (a) according to the express terms of the disposition creating it, or
  • (b) by necessary implication from the terms of the disposition creating it,
  • must vest, if at all, not later than 80 years after the creation of the interest does not violate the rule against perpetuities.
  • (2) For the purpose of subsection (1) only, an interest created under the exercise of a special power must be considered to have been created at the date of the creation of the power.

1979-321‑3.