second look doctrine

second look doctrine
In the law of future interests, a rule that provides that even though the validity of interests created by the exercise of a power of appointment is ordinarily measured from the date the power is created, not from its exercise, the facts existing on the date of its exercise can be considered in order to determine if the rule against perpetuities has been violated.

Dictionary from West's Encyclopedia of American Law. 2005.


second look doctrine
In the law of future interests, a rule that provides that even though the validity of interests created by the exercise of a power of appointment is ordinarily measured from the date the power is created, not from its exercise, the facts existing on the date of its exercise can be considered in order to determine if the rule against perpetuities has been violated.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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