No trust created pursuant to the provisions of this article, nor any interest therein, shall be deemed to be invalid by any existing law or rule against perpetuities or accumulations or suspension of the power of alienation and such trust and any interest therein may continue for such time as may be necessary to accomplish the purposes for which it may be created.
Source: L. 95: Entire article R&RE, p. 1046, § 1, effective May 25.
Editor's note: This section is similar to former § 10-15-120 as it existed prior to 1995.
Structure Colorado Code
Article 15 - Preneed Funeral Contracts
§ 10-15-101. Legislative Declaration
§ 10-15-103. License Procedure - Records - Examination of Records - Definition
§ 10-15-103.5. Scope of Article - Exemptions
§ 10-15-105. Contract Requirements - Refund - Full Performance
§ 10-15-106. Preexisting Contracts
§ 10-15-107. Deposit of Funds With Trustee
§ 10-15-108. Standard for Investments by Trustees
§ 10-15-109. Disbursements - Excess Trust Assets
§ 10-15-110. Discharge of Preneed Contract - Disbursements by Trustees
§ 10-15-111. Insurance-Funded Preneed Contracts
§ 10-15-111.5. Change of Ownership - Rules
§ 10-15-113. Applicability of Administrative Procedure Act
§ 10-15-114. Investigations - Actions Against Licensees
§ 10-15-115. Injunctions - Cease-and-Desist Orders
§ 10-15-116. Surrender of License
§ 10-15-117. Reinstatement of License
§ 10-15-119. Immunity From Prosecution
§ 10-15-120. Rule Against Perpetuities Inapplicable