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Under the Transfer of Property Act, 1882, what is the maximum period of perpetuity?

The rule against perpetuity under section 14 of the Transfer of Property Act fixes the maximum permissible period for vesting at the life or lives of one or more persons in…

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Under the Transfer of Property Act, 1882, what is the maximum period of perpetuity?

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The rule against perpetuity under section 14 of the Transfer of Property Act fixes the maximum permissible period for vesting at the life or lives of one or more persons in being plus the minority, that is eighteen years, of the ultimate beneficiary, not sixteen or twenty-one years.

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