2010 New York Code
EPT - Estates, Powers & Trusts
Article 9 - PERPETUITIES AND ACCUMULATIONS
Part 1 - (9-1.1 - 9-1.8) PERPETUITIES
9-1.8 - Trust created by national securities exchange to assist customers of members, member firms or member corporations

§ 9-1.8 Trust   created   by  national  securities  exchange  to  assist
            customers of members, member firms or member corporations
    (a) A trust created by a national securities exchange for the  purpose
  of  enabling  the  trustees,  in  their discretion, to provide direct or
  indirect assistance to customers of a  member,  member  firm  or  member
  corporation  of  such  exchange,  threatened with loss of their money or
  securities because such member, member firm or  member  corporation,  in
  the  opinion  of  the  trustees,  is  insolvent or may be unable without
  assistance to meet its obligations to such customers, is not invalid  as
  violating  the  rule  against  perpetuities  or  the rules governing the
  accumulation of income. Such a trust may continue and may accumulate the
  income from the property held therein for such time as may be  necessary
  to accomplish the purposes for which it is created.
    (b)  As  used in this section, the term "national securities exchange"
  means any exchange registered as a national  securities  exchange  under
  the  federal securities exchange act of nineteen hundred thirty-four, as
  the same may be amended from time to time.