Disney, DeSantis, King Charles, III, and The Rule Against Perpetuities

Описание: The Reedy Creek Improvement District is a special governing body created for the Walt Disney World Resort. This district has its own governing board and has been granted significant authority over land use, building codes, and environmental regulations within its boundaries. This arrangement has allowed Disney to maintain a significant level of autonomy and control over its massive resort complex.

In February 2023, Disney's old Reedy Creek governing board entered an agreement with Disney that included terms of duration spanning the lives of the descendants of King Charles III plus 21 years. This created a potential rule against perpetuities question. With this new agreement in place and the it seems that Disney's autonomy will continue for a very long time, potentially causing tension between the company and the state of Florida. It remains to be seen how the state will respond to this development and whether any legal challenges will be mounted against the agreement.

Ultimately, this situation serves as a fascinating example of the interplay between property law, corporate interests, and government oversight. It will be interesting to follow the ongoing dispute between the state of Florida and Disney and see how the rule against perpetuities may influence the outcome of this unique legal conflict.

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