2006 Code of Virginia § 55-13.1 - Employee trusts
55-13.1. Employee trusts.
Pension, profit sharing, stock bonus, annuity or other employee trustsheretofore or hereafter established by employers for the purpose ofdistributing the income and principal thereof to some or all of theiremployees, or the beneficiaries of such employees, shall not be invalid asviolating any laws or rules against perpetuities or restraints on the powerof alienation of title to property; but such trusts may continue for suchperiod of time as may be required by the provisions thereof to accomplish thepurposes for which they are established.
(1950, p. 740.)
Disclaimer: These codes may not be the most recent version. Virginia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
