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(1)This section contains exceptions to the application of the rule against perpetuities.
(2)The rule does not apply to an estate or interest created so as to vest in a charity on the occurrence of an event if immediately before the occurrence an estate or interest in the property concerned is vested in another charity.
(3)The rule does not apply to a right exercisable by a charity on the occurrence of an event if immediately before the occurrence an estate or interest in the property concerned is vested in another charity.
(4)The rule does not apply to an interest or right arising under a relevant pension scheme.
(5)The exception in subsection (4) does not apply if the interest or right arises under—
(a)an instrument nominating benefits under the scheme, or
(b)an instrument made in the exercise of a power of advancement arising under the scheme.
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