§ 501 - Reformation of interests violating rule against perpetuities - Vermont Statutes

§ 501. Reformation of interests violating rule against perpetuities

Any interest in real or personal property which would violate the rule against perpetuities shall be reformed, within the limits of that rule, to approximate most closely the intention of the creator of the interest. In determining whether an interest would violate said rule and in reforming an interest the period of perpetuities shall be measured by actual rather than possible events.