§ Leave out Clause 12 and insert the following new clause:
§ Possibilities of reverter, conditions subsequent, exceptions and reservations
§ (".—(1) In the case of—
- (a) a possibility of reverter on the determination of a determinable fee simple, or
- (b) a possibility of a resulting trust on the determination of any other determinable interest in property,
§ (2) Where a disposition is subject to any such provision, or to any such condition sub- 1165 sequent, or to any exception or reservation, the disposition shall be treated for the purposes of this Act as including a separate disposition of any rights arising by virtue of the provision, condition subsequent, exception or reservation.")
§ THE LORD CHANCELLOR
My Lords, the new Clause 12 is designed to achieve the same effect as its predecessor, though by a different and more certain method. The purpose of the clause is to apply the perpetuity rule to possibilities of reverter and analogous interests in personalty. Again I can explain that if your Lordships require it, but at this late hour I somehow feel your Lordships will not require it. I beg to move that this House doth agree with the Commons in the said Amendment.
§ Moved, That this House doth agree with the Commons in the said Amendment.—(The Lord Chancellor.)
§ On Question, Motion agreed to.