law: Transfer of Property Act, 1882
  14. Rule against perpetuity
  No transfer of property can operate to create an interest which
  
  is to take effect after the life time of one or more persons living at the date
  
  of such transfer, and the minority of some person who shall be in existence at
  
  the expiration of that period, and to whom, if he attains full age, the
  
  interest created is to belong.