Re: Longest plan

Charles Packer <mailbox@cpacker.org> wrote:

Cryptoengineer wrote:

In practical terms, this limits such instruments to around 100
years.  For example, Disney has an agreement with the state of
Florida which grants certain privileges until 21 years after the
death of the last survivor of the descendants of King Charles III
at the time the agreement was made.

Do you have a source for this rather bizarre provision?

I think he's talking about the Rule Against Perpetuitites.  Law is
deeply weird.  (For instance, the fact that I proved my innocence of
burglary, but that proof was immediately dismissed as irrelevant due
to untimeliness.  Similarly, several people have been executed despite
their innocence having been proved, and Texas is about to do the same
to Robert Roberson.)

In some states, no perpetuity can last more than 21 years beyond the
lifetime of anyone named in the document.  So they name someone as
young as possible whose life is as likely as possible to be kept close
track of, e.g. Britain's king's children or grandchildren.  The person
doesn't need have to have the slightest relevance to the perpetuity.
--
Keith F. Lynch - http://keithlynch.net/
Please see http://keithlynch.net/email.html before emailing me.