2013 New Jersey Revised Statutes
Title 14A - CORPORATIONS, GENERAL
Section 14A:8-3.1 - Continuation of trust; law against perpetuities inapplicable


NJ Rev Stat § 14A:8-3.1 (2013) What's This?

14A:8-3.1. Continuation of trust; law against perpetuities inapplicable
The period for which any trust may be created and maintained may be as long as may be desirable for the complete administration of any plan as originally adopted or thereafter amended, and no trust or trust fund shall be subject to or held to be in violation of any principle of law, against perpetuities or restraints on alienation or perpetual accumulations of trusts.

(added) 1988,c.94,s.51.


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