Alberta law reform agency recommends abolition of outmoded perpetuities rule

By Amanda Jerome ( April 7, 2017, 2:37 PM EDT) -- The Alberta Law Reform Institute describes the Rule Against Perpetuities (RAP) as an “old and complex” set of rules to keep people from tying up land or assets to the extent at which future generations are unable to sell or mortgage property. Alberta reformed RAP in the Perpetuities Act in 1972, but now the province's law reform agency has published a report recommending the abolition of the perpetuities law altogether....