15A:8-5 - Continuation of trust; law against perpetuities inapplicable - New Jersey Statutes

15A:8-5.  Continuation of trust;  law against perpetuities inapplicable
    The period for which any trust may be created and maintained may be as long  as may be desirable for the complete administration of any plan as originally  adopted or thereafter amended, and a trust fund 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.

     L.1983, c. 127, s. 15A:8-5, eff. Oct. 1, 1983.