Re: Longest plan

On 11/21/2024 9:47 AM, Evelyn C. Leeper wrote:
 > And, in an extra detail that the internet is devouring, the term of the
 > agreement was set using the "Rule Against Perpetuities" — which states
 > that a policy will continue until after a certain person dies.
 >
 > In this case, the declaration will continue "until twenty one (21) years
 > after the death of the last survivor of the descendants of King Charles
 > III." DeSantis, after all, frequently refers to Walt Disney World as a
 > "corporate kingdom."
Under case law, that clause would be invalid, since the descendants would have had to been "objectively identifiable" at the time of grant.
But who knows how the Florida Supreme Court will rule?
--
Mike Benveniste -- mhb@murkyether.com (Clarification Required)
Such commentary has become ubiquitous on the Internet and is widely
perceived to carry no indicium of reliability and little weight.
(Digital Media News v. Escape Media Group, May 2014).