Perpetuities and Accumulations Act 2009. | Land Portal

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This Act: limits the application of the rule against perpetuities also in relation to lands; codifies the rule as it applies to charities; and amends the law relating to accumulations of income. “The rule against perpetuities”: (a) means the rule of law by that name, also known as the rule against remoteness of vesting, which restricts the time within which future interests in property must either vest or take effect, or within which certain powers may be exercisable; and (b) includes any other rule of law which limits the period during which income may be accumulated or for which capital may remain unexpended or inalienable.

Amends: Perpetuities and Accumulations Act 1989. (2009)

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C Balfour-Swain


Bermuda was first settled in 1609 by shipwrecked English colonists heading for Virginia. Self-governing since 1620, Bermuda is the oldest and most populous of the British overseas territories. Vacationing to the island to escape North American winters first developed in Victorian times. Tourism continues to be important to the island's economy, although international business has overtaken it in recent years. Bermuda has also developed into a highly successful offshore financial center. A referendum on independence from the UK was soundly defeated in 1995.

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