View source for Perpetuities and Accumulations Act 2009

{{Use dmy dates|date=April 2022}}
{{Infobox UK legislation
|short_title=Perpetuities and Accumulations Act 2009<ref>The citation of this Act by this [[short title]] is authorised by [http://www.legislation.gov.uk/ukpga/2009/18/section/24 section 24] of this Act.</ref>
|parliament=Parliament of the United Kingdom
|long_title=An Act to amend the law relating to the avoidance of future interests on grounds of remoteness and the law relating to accumulations of income.
|year=2009
|statute_book_chapter=2009 c 18
|introduced_by=
|territorial_extent=[[England and Wales]]<ref>The Perpetuities and Accumulations Act 2009, [http://www.legislation.gov.uk/ukpga/2009/18/section/23 section 23]</ref>
|royal_assent=12 November 2009
|commencement=
|repeal_date=
|amendments=
|related_legislation=
|repealing_legislation=
|status=
|original_text=http://www.legislation.gov.uk/ukpga/2009/18/contents/enacted
|legislation_history=http://services.parliament.uk/bills/2008-09/perpetuitiesandaccumulationshl.html
|revised_text=http://www.legislation.gov.uk/ukpga/2009/18/contents
|}}
The '''Perpetuities and Accumulations Act 2009''' (c. 18) is an [[Act of Parliament|Act]] of the [[Parliament of the United Kingdom]] that reforms the [[rule against perpetuities]].
The Act resulted from a [[Law Commission (England and Wales)|Law Commission]] report published in 1998.<ref name="Meadway240">{{harvnb|Meadway|2010|p=240}}</ref> It abolishes the rule against perpetuities in most non-trust contexts, such as [[easement]]s.<ref name="Meadway240"/> In relation to wills, however, the Act only applies to wills drawn up after 6 April 2010. A will drawn up before 6 April but executed later (upon the death of the testator) will continue to be bound by prior rules.<ref>{{harvnb|Meadway|2010|p=241}}</ref>
==Commencement==
Sections 22 to 24 came into force on 12 November 2009<ref>The Perpetuities and Accumulations Act 2009, [http://www.legislation.gov.uk/ukpga/2009/18/section/22 section 22(1)]</ref>
Sections 1 to 21 and the Schedule came into force on 6 April 2010.<ref>The Perpetuities and Accumulations Act 2009, section 22(2); the Perpetuities and Accumulations Act 2009 (Commencement) Order 2010 (S.I. 2010/37 (C.6)), [http://www.legislation.gov.uk/uksi/2010/37/article/2/made article 2]</ref>
==See also==
*[[Perpetuities and Accumulations Act 1964]]
==Notes==
{{Reflist}}
==References==
*{{cite journal |title=Perpetuities and Accumulations Act 2009 |first=Susannah |last=Meadway |journal=Trusts & Trustees |year=2010 |volume=16 |issue=4 |pages=240–246 |doi=10.1093/tandt/ttq016}}
{{UK legislation}}
{{Authority control}}
[[Category:United Kingdom Acts of Parliament 2009]]
[[Category:English trusts law]]