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