- An English statute by which all persons are prohibited from settling property by deed or will so that the rents and profits shall be wholly or partially accumulated for a longer term than the life of the settlor, or 21 years after his death, or during the minority of a person or persons living at the time of the death of the settlor, or during the minority or respective minorities only of a person or persons who, if of full age, would have been absolutely entitled under the settlement. Act of 39 and 40 Geo III, Ch 98; 41 Am J1st Perp § 44.
Ballentine's law dictionary. Anderson, W.S.. 1998.
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