# Academies Act 2010, Paragraph 19


(1) Where—
(a) land is transferred for no consideration for the purposes of an Academy, and
(b) the person who transferred the land is granted an option to make a re-acquisition of the land (subject to whatever conditions),
the rule against perpetuities does not apply to the option.
(2) Sub-paragraph (1) does not apply to an option granted before 26 July 2002.

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Source: https://www.legislation.gov.uk/ukpga/2010/32/schedule/1/paragraph/19 (the official version)
Page: https://openlegislation.uk/academies-act-2010/schedule-1/paragraph-19
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.