Reform of rap: “wait and see” or “second look” doctrine: validity of any suspect future interest is determined on basis of facts as they
now exist at conclusion of measuring life, eliminating the “anything is possible” line of inquiry; uniform statutory rule against
perpetuities (usrap) codifies common law rap and provides for an alternative 90-year vesting period; both “wait and see” and usrap embrace
cy pres doctrine (“as near as possible”) and allow the courts to reform a disposition so that it most closely matches grantor’s intent and
complies with rap; they also both embrace the reduction of any offensive age contingency to 21 years
We have located some similar legal questions and legal question categories. Check out these challenging questions that askquestions about Interests and are similar to What does Reform of rap mean?. Also, we have included a list of some of our more popular legal question categories. These categories are based on what everyone is asking and answering.
What's Your Answer to "What does Reform of rap mean?"