John McLean, Goesele v. Bimeler — Opinion of the Court
“ Objection is also made to this association, that the principle of community and succession of property among the members, involves a perpetuity. There is nothing like a perpetuity in it. The society has the perfect right of disposal over all its property, real as well as personal, and this power of disposal is wholly inconsistent with the idea of perpetuity, which only exists where property is so limited that no living agency can unfetter it. ”
