(1) ORS 105.950 to 105.975 shall be cited as the Uniform Statutory Rule Against Perpetuities.
(2) ORS 105.950 to 105.975 shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of ORS 105.950 to 105.975 among states enacting it.
(3) ORS 105.950 to 105.975 supersede the rule of the common law known as the rule against perpetuities.