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Date: 2023-03-29 11:07 pm (UTC)Classic Royal lives clause; definitely unexpected in that context. (Also, I'm surprised that they used Charles III rather than George V or Elizabeth II; perhaps someone got confused about the meaning of "lives in being" under the rule against perpetuities?)
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Date: 2023-03-29 11:54 pm (UTC)I have to wonder if it's some sort of poison pill with respect to some other charter or charters somewhere which depend on a legally-equivalent Royal lives clause.
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Date: 2023-03-30 12:41 am (UTC)no subject
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Date: 2023-03-29 11:12 pm (UTC)no subject
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From: (Anonymous) - Date: 2023-03-30 07:04 am (UTC) - Expand(no subject)
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Date: 2023-03-29 11:57 pm (UTC)(no subject)
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Date: 2023-03-30 12:01 am (UTC)Which could be a while.
-Awesome Aud
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Date: 2023-03-30 01:32 am (UTC)If in a few years Disney closes up shop and moves, it will serve De Santis right.
Such a stupid fight for the fundamentalists to pick. So incredibly stupid and against their best interests.
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Date: 2023-03-30 02:48 am (UTC)(no subject)
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Date: 2023-03-30 04:24 am (UTC)* I would never confuse them with good guys.
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Date: 2023-03-30 10:05 am (UTC)(no subject)
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Date: 2023-03-30 12:26 pm (UTC)If Hitler were to invade Hell, etc.
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Date: 2023-03-30 07:05 am (UTC)-Awesome Aud
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Date: 2023-03-31 12:41 pm (UTC)no subject
Date: 2023-03-30 10:04 am (UTC)no subject
Date: 2023-03-30 10:30 am (UTC)(no subject)
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Date: 2023-03-30 01:02 pm (UTC)The Rule Against Perpetuities, applied to non-charitable* trusts, in requiring "a life in being plus 21 years" requires it to be a determinate life in being (though not necessarily determinate until the date in question). A set with vague borders won't work. So resetting to Charles makes sense (although, as a commentator above pointed out, Elizabeth II would actually work better, as the set us larger).
*Charitable trusts can go on forever. Real estate held by charities is subject to mortmain legislation, though, which is another restriction entirely.
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Date: 2023-03-30 01:12 pm (UTC)There is a decent argument that the title "King of England" ceased to exist in 1604 when James VI of Scotland unified the Crowns of Scotland and England (but not Ireland) and declared that he was "King of Great Britain".
If I were De Santis I might be tempted to fight that one out in the courts.
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Date: 2023-03-30 06:04 pm (UTC)However Charles III official style is "Charles III, by the Grace of God of the United Kingdom of Great Britain and Northern Ireland and of His other Realms and Territories King, Head of the Commonwealth, Defender of the Faith", so the issue remains.
I see two counterarguments from Disney
1) King of England is a description, not a title.
2) There's no ambiguity as to the person intended, and, to quote a legal maxim, the law does not concern itself with trifles.
It does look as if it might be an opportunity to enrich lawyers.
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Date: 2023-03-30 03:52 pm (UTC)All it's going to do is enrich more attorneys, but it will be amusing to see it play out.
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Date: 2023-03-30 06:04 pm (UTC)I do not doubt for an instant that a team inside Disney is working on or has already developed a plan to disassemble and remove Disneyworld from Florida to another, more amenable, location. For one thing, cumulative climate change issues are a threat.
The starting wage for employees at the park is going up to $18 soon. Florida's minimum wage is $11. Although the dispute involves installed infrastructure, buildings, and employees, Florida is the weaker party in the fight Florida picked. The state needs Disney more than Disney needs them.
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Date: 2023-04-01 01:55 am (UTC)no subject
Date: 2023-04-02 06:07 pm (UTC)