transgressive trust

transgressive trust
A trust which by its terms transgresses or violates the rule against perpetuities. Nothing is denounced as a perpetuity that does not transgress this rule, and equity follows this rule by way of analogy in dealing with executory trusts; and those trusts which transgress the rule are called transgressive trusts, being in equity the substantial equivalent of what in law are called perpetuities. Pulitzer v Livingston, 89 Me 359, 364, 36 A 635.

Ballentine's law dictionary. . 1998.

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