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PERPETUITIES ACT (NORTHERN IRELAND) 1966 - SECT 13

Conditions subsequent, possibilities of reverter, etc.

13.(1) Subject to the succeeding provisions of this section, the following
rights shall not be exercisable after the end of the perpetuity period:

(a)a right of entry in respect of a fee simple exercisable on condition broken
or for any other reason; or

(b)in relation to property other than land, any right equivalent to the right
mentioned in paragraph (a).

(2) Subsection (1)(a) does not apply to any right conferred by section 52 of
the Landlord and Tenant Law Amendment Act, Ireland, 1860.

(3) Where a disposition creates

(a)a possibility of reverter on the determination of a determinable fee
simple; or

(b)a possibility of a resulting trust on the determination of any other
determinable interest in property;

(4) Where

(a)a disposition is subject to any exception or reservation or to any
condition subsequent giving rise, on breach thereof, to any such right as is
mentioned in subsection (1); or

(b)a disposition creates any such possibility as is mentioned in subsection
(3);

(5) Subsection (1)(b) shall apply to instruments coming into operation before
or after the passing of this Act.

© 1966 Crown Copyright

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