An interest created in real or personal property shall not be void by reason of any rule against perpetuities, whether the common law rule or otherwise. The common law rule against perpetuities shall not be in force in this Commonwealth.
Effective: July 15, 2010
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Terms Used In Kentucky Statutes 381.224

  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Personal property: All property that is not real property.

History: Created 2010 Ky. Acts ch. 21, sec. 1, effective July 15, 2010.

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