Accumulations Act 1892

1892 CHAPTER 58 55 and 56 Vict

An Act to amend the law respecting accumulations.

[28th June 1892]

Modifications etc. (not altering text)

C1 Act repealed (E.W.) by Law of Property Act 1925 (c. 20), s. 207, Sch. 7

C2 Words of enactment omitted under authority of Statute Law Revision Act 1948 (c. 62), s. 3

1 No accumulation beyond minority. S+N.I.

No person shall, after the passing of this Act, settle or dispose of any property in such manner that the rents, issues, profits, or income thereof shall be wholly or partially accumulated for the purchase of land only, for any longer period than during the minority or respective minorities of any person or persons who under the uses or trusts of the instrument directing such accumulation would for the time being, if of full age, be entitled to receive the rents, issues, profits, or income so directed to be accumulated.

2 Short title. S+N.I.

This Act may be cited as the Accumulations Act, 1892.