PERPETUITIES TO PUREFOY: REFORM BY ABOLITION IN MANITOBA
Keywords: Property Law
AbstractIn 1983 Manitoba adopted two statutes, The Perpetuities and Accumulations Act and An Act to Amend the Trustee Act, the net effect of which was to abolish a wide variety of long-standing principles of property law, including the rule against accumulations, the rules against perpetuities (both old and new), the rule in Saunders v. Vautier and the timely vesting rule. This paper examines the interrelationship of these various principles and the effect of their abolition. It questions, finally, whether such a sweeping reform is desirable.
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