s 32 Fixed perpetuity period of 100 years
32.—(1) In the rule against perpetuities as is applicable to any settlement or disposition of property, the perpetuity period shall be 100 years or such shorter period as may be specified in the instrument by which the settlement or disposition is made.[45/2004] (2) Where any instrument making any settlement or disposition of property refers to lives in being or specifies a perpetuity period that exceeds 100 years, the perpetuity period shall be deemed to be a period of 100 years.[45/2004] (3) This section shall apply in relation to —(a) any instrument made in the exercise of a special power of appointment where the instrument creating the special power of appointment takes effect on or after 15 December 2004; and (b) any other instrument taking effect on or after 15 December 2004.[45/2004]