N.J.S.A. 15A:8-5

Continuation of trust; law against perpetuities inapplicable

15A:8-5. 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 a trust fund shall not 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. L.1983, c. 127, s. 15A:8-5, eff. Oct. 1, 1983.

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This is the verbatim text of N.J.S.A. 15A:8-5, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.

N.J.S.A. 15A:8-5 — Continuation of trust; law against perpetuities inapplicable | Kyzer