Statement of theory 2. Application C. Utilitarian Theory 1. Statement of theory 2. Perpetuities Problems A. Law 1. No interest is good unless it must vest, if at all, not later than 21 years after some life in being at the creation of the interest.
RAP applies to CRs, CEIs, and VRs subject to open.
Class-gift rule 4. Rule of convenience 5. If any poss. of remote vesting, int. void from outset. Effective date 7. Life in being 8.