9 Options relating to land
Perpetuities and Accumulations Act 1964 (1964 c 55) | Legislation

9  Options relating to land

(1)     The rule against perpetuities shall not apply to a disposition consisting of the conferring of an option to acquire for valuable consideration an interest reversionary (whether directly or indirectly) on the term of a lease if—

(a)     the option is exercisable only by

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