198Trusts for purposes that are not charitable

198 Trusts for purposes that are not charitable (1) Subject to this section, this Act does not affect the operation of the rule against perpetual trusts for a purpose. (2) For the purposes of the rule against perpetual trusts, if there is a disposition for a purpose by a settlement, the perpetuity period applicable to the disposition is a life in being plus 21 years or Law of Property Act 2000 126 80 years from the date on which the settlement takes effect, whichever is specified in the settlement. (3) Despite subsection (2), if no perpetuity period is specified in the settlement, the perpetuity period is to be taken to be 80 years from the date on which the settlement takes effect. (4) If there is a disposition for a purpose by a settlement and the disposition would, but for this Act, infringe the rule against perpetual trusts, the disposition is to be treated, until that time (if any) that it becomes certain that the disposition must infringe the rule, as if it did not infringe the rule and the validity of a thing previously done in relation to the disposition is not affected by it becoming certain that it must infringe the rule. (5) This section does not apply to a disposition for a purpose that is charitable.