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Section 1 Rule against perpetuities not to apply to registered funds.F1C1

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

The rule of law relating to perpetuities shall not apply and shall be deemed never to have applied to the trusts of any fund registered under this Act (in this Act referred to as a “registered fund”).

Annotations

Textual amendments

F1

S. 1 repealed (prosp.) by Social Security Act 1973 (c. 38), s. 101(2), Sch. 28 Pt. I

Modifications

C1

S. 1: power to continue conferred (1.7.1992) by Social Security (Consequential Provisions) Act 1992 (c. 6), ss. 5, 7(2), Sch. 3 Pt. II para. 15