55-111. NO RULE AGAINST PERPETUITIES. There shall be no rule against perpetuities applicable to real or personal property.
History:
[(55-111) R.S., sec. 2836; reen. R.C. & C.L., sec. 3067; C.S., sec. 5335; I.C.A., sec. 54-111; am. 1957, ch. 54, sec. 1, p. 92; am. 2008, ch. 77, sec. 1, p. 204.]
Structure Idaho Code
Title 55 - PROPERTY IN GENERAL
Chapter 1 - PROPERTY AND OWNERSHIP — GENERAL PROVISIONS
Section 55-101 - REAL PROPERTY DEFINED.
Section 55-101A - “LANDS” DEFINED.
Section 55-101B - “CONDOMINIUM” DEFINED.
Section 55-102 - PERSONAL PROPERTY DEFINED.
Section 55-103 - WHO MAY OWN PROPERTY.
Section 55-104 - INTERESTS IN COMMON.
Section 55-105 - FUTURE INTERESTS — WHEN VESTED.
Section 55-106 - CONTINGENT INTERESTS.
Section 55-107 - ALTERNATIVE FUTURE INTERESTS.
Section 55-108 - INHERITANCE BY POSTHUMOUS CHILDREN.
Section 55-109 - TRANSFER AND DEVOLUTION OF FUTURE INTERESTS.
Section 55-110 - POSSIBILITIES.
Section 55-111 - NO RULE AGAINST PERPETUITIES.
Section 55-111A - SUSPENSION OF POWER OF ALIENATION — FUTURE INTEREST BY POWER OF APPOINTMENT.
Section 55-112 - FUTURE INTERESTS DEFEATED.
Section 55-113 - FUTURE INTERESTS NOT DEFEATED.
Section 55-114 - FUTURE INTERESTS NOT DEFEATED BY PREMATURE DETERMINATION OF PRECEDENT ESTATE.