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Code · Utah · Title 75B — Trusts · Chapter 1

75B-1-202. Retirement trusts exempted from rules against perpetuities, accumulations, or suspension of power of alienation.

95 words·~1 min read·/ut/title-75b/chapter-1/75b-1-202

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Effective 9/1/2024
75B-1-202. Retirement trusts exempted from rules against perpetuities, accumulations, or suspension of power of alienation.
(1)A retirement trust is not invalid as violating a rule against perpetuities, a rule against accumulations, a rule concerning the suspension of the power of alienation of title to property, or any other law restricting or limiting the duration of trusts.
(2)A retirement trust may continue in perpetuity or for the time that is necessary to accomplish the purposes for which the retirement trust was created.
Renumbered and Amended by Chapter 364 , 2024 General Session
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