Sec. 45a-495. Prospective application.
Sec. 45a-495. Prospective application. (a) Except as extended by subsection (b)
of this section, sections 45a-490 to 45a-496, inclusive, apply to a nonvested property
interest or a power of appointment that is created on or after October 1, 1989. For
purposes of this section, a nonvested property interest or a power of appointment created
by the exercise of a power of appointment is created when the power is irrevocably
exercised or when a revocable exercise becomes irrevocable.
(b) If a nonvested property interest or a power of appointment that was created
before October 1, 1989, and is determined in a judicial proceeding, commenced on or
after October 1, 1989, to violate this state's rule against perpetuities as that rule existed
before October 1, 1989, a court upon the petition of an interested person may reform
the disposition in the manner that most closely approximates the transferor's manifested
plan of distribution and is within the limits of the rule against perpetuities applicable
when the nonvested property interest or power of appointment was created.
(P.A. 89-44, S. 6; P.A. 90-230, S. 59, 101.)
History: P.A. 90-230 made a technical change to Subsec. (b).