183Interpretation

183 Interpretation (1) In this Part, unless the contrary intention appears: power of appointment includes a discretionary power to make a disposition. Law of Property Act 2000 118 settlement includes: (a) a will; (b) an instrument, testamentary or otherwise, exercising a power of appointment, whether general or special; and (c) any other instrument, transaction or dealing whereby a person makes a disposition, but does not include an Act or an instrument of a legislative or administrative character. rule against perpetual trusts means the common law rule that invalidates a trust (not otherwise invalid) for a purpose which is not charitable if the duration of the trust will or may exceed the perpetuity period. trust has the same meaning as in the Trustee Act 1893. trustee has the same meaning as in the Trustee Act 1893. will includes a codicil. (2) For the purposes of this Part, a disposition in a will is to be taken to take effect on the death of the testator. (3) For the purposes of this Part, a person is to be treated: (a) as a member of a class if the person satisfies, each and every condition identifying a member of the class; and (b) as a potential member of a class if the person satisfies only one or some of the conditions identifying a member of the class but there is a possibility that the remainder of those conditions will in time be satisfied.