3 ms·
Why wouldn't they just send a fixed time? Why would anyone want to use random kids as their oracle?
by BubRoss 7y ago
Why wouldn't they just send a fixed time? Why would anyone want to use random kids as their oracle?
- toast0 7y agoMost likely the relevant rule against perpetuities has a limit of X years or death of a named person + 20 years. And the X is known, but likely to be less than the longest life + 20 years.
- guan 7y agoThe traditional rule against perpetuities is the life of someone alive when the trust is created plus 21 years. That is also the rule in New York, in section 9-1.1 of the Estates, Powers and Trusts Law. SPY’s lawyers probably chose 20 years to be on the safe side.