Property Ownership
Under Alaska's 'Rule Against Perpetuities,' future interests in real property must vest:
AWithin the lifetime of the grantor
BWithin 21 years after the death of a relevant life in being at the creation of the interest✓ Correct
CWithin 99 years of creation
DImmediately upon creation
Explanation
The Rule Against Perpetuities limits the duration of future interests in property. An interest must vest (become certain) within a life in being at the creation of the interest plus 21 years, or the interest is void.
Related Alaska Property Ownership Questions
- Alaska does NOT recognize which of the following ownership forms?
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