rule against accumulations

rule against accumulations
A rule based on the English statute known as the Thelluson Act or on equivalent laws enacted in other jurisdictions rendering nugatory provisions for the accumulation of the rents and profits of property beyond a certain period provided by the statute. 41 Am J1st Perp § 44. A statutory rule against the adding of interest or income to a fund, pursuant to the provisions of a deed or will, for the purpose of preventing the expenditure thereof, beyond a limited number of years. 41 Am J1st Perp § 48.

Ballentine's law dictionary. . 1998.

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Look at other dictionaries:

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  • accumulation — Increase by growth or addition. Rents and profits accumulating under directions in deed or will, such as prompted the enactment of statutes like the Thellusson Act. 41 Am J1st Perp § 44. As the word appears in a community property statute which… …   Ballentine's law dictionary

  • Europe, history of — Introduction       history of European peoples and cultures from prehistoric times to the present. Europe is a more ambiguous term than most geographic expressions. Its etymology is doubtful, as is the physical extent of the area it designates.… …   Universalium

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