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Property Law Act 2023
sec.210Determinable interests
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### sec.210 Determinable interests
This section applies if the terms of a trust allow the disposition of property under—
a right of reverter on the determination of a determinable fee simple; or
a resulting trust on the determination of a determinable interest in property.
If the property does not vest before the end of the perpetuity period for the disposition of the property—
for subsection (1) (a) —the determinable fee simple becomes absolute; and
for subsection (1) (b) —the determinable interest becomes absolute.
In this section—
determinable , interest in property, means an interest created under the terms of a disposition that, under the terms, is determinable on a contingency.
(sec.210-ssec.1) This section applies if the terms of a trust allow the disposition of property under— a right of reverter on the determination of a determinable fee simple; or a resulting trust on the determination of a determinable interest in property.
(sec.210-ssec.2) If the property does not vest before the end of the perpetuity period for the disposition of the property— for subsection (1) (a) —the determinable fee simple becomes absolute; and for subsection (1) (b) —the determinable interest becomes absolute.
(sec.210-ssec.3) In this section— determinable , interest in property, means an interest created under the terms of a disposition that, under the terms, is determinable on a contingency.
- (a) a right of reverter on the determination of a determinable fee simple; or
- (b) a resulting trust on the determination of a determinable interest in property.
- (a) for subsection (1) (a) —the determinable fee simple becomes absolute; and
- (b) for subsection (1) (b) —the determinable interest becomes absolute.