6107.1 - Applicability of rule against perpetuities.
§ 6107.1. Applicability of rule against perpetuities. (a) Traditional rule.--Sections 6104 (relating to rule against perpetuities), 6105 (relating to rule against perpetuities; disposition when invalidity occurs), 6106 (relating to income accumulations; when valid) and 6107 (relating to income accumulations; disposition when invalidity occurs): (1) shall apply to every interest created before January 1, 2007; but (2) shall not apply to any interest created after December 31, 2006. (b) Modern rule.--All of the following apply to every interest created after December 31, 2006: (1) No interest shall be void as a perpetuity. (2) No direction or authorization to accumulated income shall be void as a perpetuity. (July 7, 2006, P.L.625, No.98, eff. imd.) 2006 Amendment. Act 98 added section 6107.1. Cross References. Section 6107.1 is referred to in sections 6106, 6107 of this title.