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Perpetuities and Accumulations Act 1989.

Pays/Territoire
Bermudes (RU)
Type du document
Législation
Date
1989 (2009)
Source
FAO, FAOLEX
Sujet
Terre et sols
Mot clé
Régime foncier Droit d'usage Location
Aire géographique
Amériques, Îles de l'Océan Atlantique, Amérique du Nord, Atlantique Nord
Résumé

This Act modifies the law relating to the avoidance of future interests in property on grounds of remoteness and governing accumulations of income from property. The rule against perpetuities shall not apply to an option to acquire for valuable consideration an interest on the term of a lease if: (a) the option is exercisable only by the lessee or his or her successors in title, and (b) it ceases to be exercisable at or before the expiration of one year following the determination of the lease. In the case of a disposition consisting of the conferring of an option to acquire for valuable consideration any interest in land, the perpetuity period under the rule against perpetuities shall be 21 years.

Texte intégral
Anglais
Site web
www.bermudalaws.bm

Références - Législation

Amendé par

Perpetuities and Accumulations Act 2009.

Législation | Bermudes (RU) | 2009

Mot clé: Régime foncier, Droit d'usage

Source: FAO, FAOLEX