N.C. Gen. Stat. § 36D-10
Trust not subject to law against perpetuities; restraints on alienation
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
A 36D Trust 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.
A 36D Trust 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.
History
(1991 (Reg. Sess., 1992), c. 768, s. 1; 2005-192, s. 3; 2010-118, s. 1.)
Effect of Amendments. - Session Laws 2010-118, s. 1, effective July 20, 2010, substituted "36D Trust" for "community trust."
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.