Do conservation easements violate Wyoming’s Rule Against Perpetuities?
No. The word “perpetuity” has different meanings in the context of conservation easements and Wyoming’s Rule Against Perpetuities. With conservation easements, “perpetuity” deals with how long the easement will last. With Wyoming’s Rule Against Perpetuities, “perpetuity” addresses when a property interest “vests” or takes effect. Since conservation easements “vest” immediately on transfer, they don’t violate the Rule Against Perpetuities.
