14A:8-3.1. Continuation of trust; law against perpetuities inapplicable
64 words·~1 min read·
/nj/title-14a/chapter-8/14a-8-3-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The period for which any trust may be created and maintained may be as longˆas may be desirable for the complete administration of any plan as originally adopted or thereafter amended, and no trust or trust fund shall be subject to orˆheld to be in violation of any principle of law, against perpetuities or restraints on alienation or perpetual accumulations of trusts.
(added) 1988,c.94,s.51.