MN Bar Practice Questions - Minnesota Bar Examination Exam

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A grantor's interest in land will pass to a class of persons who must satisfy a condition that may not be resolved within the period allowed by the common-law Rule Against Perpetuities. What is the effect on that interest?

The interest is automatically vested at creation The interest converts into a fee simple absolute The interest is always valid regardless of timing The interest is void under the common-law Rule Against Perpetuities if it might vest later than 21 years after a life in being at the creation of the interest

Correct Answer:

The interest is void under the common-law Rule Against Perpetuities if it might vest later than 21 years after a life in being at the creation of the interest

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