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Academies Act 2010

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Academies Act 2010, Paragraph 19 is up to date with all changes known to be in force on or before 03 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

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[F119(1)Where—E+W

(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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