A trust for a noncharitable corporation or unincorporated society or for a lawful noncharitable purpose may be performed by the trustee for only 21 years, whether or not there is a beneficiary who can seek enforcement or termination of the trust and whether or not the terms of the trust contemplate a longer duration.
Cal. Prob. Code § 15211
Creation and Validity of Trusts
Known as the Trust Law
The act spans §§ 15000–19403 (351 sections).
Added by Stats. 1991, Ch. 156, Sec. 20.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.