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The House of Commons debated the third reading of the Perpetuities and Accumulations Bill
The Perpetuities and Accumulations Bill aims to simplify and modernise two distinct but related legal rules, the rule against perpetuities and the rule against excessive accumulations, which arise most commonly in the context of trusts. It is the first Bill to be introduced into the House of Lords under the procedure for Law Commission Bills set out in the House of Lords Procedure Committee Report of 25 February 2008.
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