Chapter 17
Perpetuities and the maximum duration of trusts


17.1In this chapter we put forward recommendations for reform of the rule against perpetuities, which has the effect of limiting the duration of a trust. This issue was discussed in the Third Issues Paper and Preferred Approach Paper.327 The topics examined in the chapter are:
327Law Commission Perpetuities and the Revocation and Variation of Trusts: Review of the Law of Trusts – Third Issues Paper (NZLC IP28, 2011) at pt 1; Law Commission Review of the Law of Trusts – Preferred Approach (NZLC IP31, 2010) at ch 14.