14A:8-3.1 - Continuation of trust; law against perpetuities inapplicable - New Jersey Statutes

14A:8-3.1.   Continuation of trust; law against perpetuities inapplicable     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.