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PERPETUITIES ACT (NORTHERN IRELAND) 1966 - SECT 7

Powers of appointment.

7.(1) Subject to subsection (2), for the purposes of the rule against
perpetuities, a power of appointment shall be treated as a special power
unless

(a)in the instrument creating the power it is expressed to be exercisable by
one person only; and

(b)it could, at all times during its currency when that person is of full age
and capacity, be exercised by him so as immediately to transfer to himself the
whole of the interest governed by the power without the consent of any other
person or compliance with any other condition, not being a formal condition
relating only to the mode of exercise of the power.

(2) For the purpose of determining whether a disposition made under a
power of appointment exercisable by will only is void for remoteness, the
power shall be treated as a general power where it would have fallen to be so
treated if exercisable by deed.

© 1966 Crown Copyright

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