PERPETUITIES ACT (NORTHERN IRELAND) 1966 - SECT 16 Short title and interpretation.

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PERPETUITIES ACT (NORTHERN IRELAND) 1966 - SECT 16

Short title and interpretation.

16.(1) This Act may be cited as the Perpetuities Act (Northern Ireland) 1966.

(2) In this Act

"disposition" includes the conferring of a power of appointment and any other
disposition of an interest in or right over property, and references to the
interest disposed of shall be construed accordingly;

"in being" means living or en ventre sa me0re;

"power of appointment" includes any discretionary power to transfer a
beneficial interest in property without the furnishing of valuable
consideration;

"will" includes a codicil;

(3) For the purposes of this Act a person shall be treated as a member of a
class if in his case all the conditions identifying a member of the class are
satisfied, and shall be treated as a potential member if in his case some only
of those conditions are satisfied but there is a possibility that the
remainder will in time be satisfied.

(4) Nothing in this Act shall affect the operation of the rule of law
rendering void for remoteness certain dispositions under which property is
limited to be applied for purposes other than the benefit of any person or
class of persons in cases where the property may be so applied after the end
of the perpetuity period.

(5) The foregoing sections shall apply (except as provided in section 8(2),
section 9(2), section 13(5) and section 14(2)) only in relation to instruments
taking effect after the passing of this Act, and in the case of an instrument
made in the exercise of a special power of appointment shall apply only where
the instrument creating the power takes effect after that passing, so however
that section 7 shall apply in all cases for construing the foregoing reference
to a special power of appointment.

(6) This Act shall apply in relation to a disposition made otherwise than by
an instrument as if the disposition had been contained in an instrument taking
effect when the disposition was made.

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Northern Irish Legislation

PERPETUITIES ACT (NORTHERN IRELAND) 1966 - SECT 16