Property Ownership
In South Carolina, what is the 'Rule Against Perpetuities'?
AA rule that all property must be sold within a certain number of years
BA common law rule limiting the creation of future interests in property to a period no longer than a life in being plus 21 years✓ Correct
CA rule preventing perpetual leases
DA rule requiring all restrictive covenants to expire after 30 years
Explanation
The Rule Against Perpetuities limits how long future interests in property may remain contingent. SC has modified this rule through the Uniform Statutory Rule Against Perpetuities, allowing up to 90 years for most future interests to vest.
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