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Academies Act 2010
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- UK Public General Acts
- 2010 c. 32
- SCHEDULE 1
- Part 4
- Disapplication of rule against...
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Changes over time for: Cross Heading: Disapplication of rule against perpetuities
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Academies Act 2010, Cross Heading: Disapplication of rule against perpetuities is up to date with all changes known to be in force on or before 23 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.
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Whole provisions yet to be inserted into this Act (including any effects on those provisions):
- Sch. 1 para. 9A and cross-heading inserted by 2023 c. 55 s. 235(1)
[F1Disapplication of rule against perpetuitiesE+W
Textual Amendments
F1Sch. 1 substituted (1.2.2012) by Education Act 2011 (c. 21), s. 82(3), Sch. 14 para. 1; S.I. 2012/84, art. 3 (with art. 5)
19(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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