Section 3A. A trust created by an employer as part of a stock bonus, pension, disability, death benefit or profit sharing plan for the benefit of some or all of his employees, to which contributions are made by the employer or employees, or both, for the purpose of distributing to the employees the earnings or the principal, or both earnings and principal, of the fund held in trust, may continue in perpetuity or for such time as may be necessary to accomplish the purpose for which it is created, and shall not be invalid as violating any rule of law against perpetuities or suspension of the power of alienation of the title to property.
Structure Massachusetts General Laws
Part II - Real and Personal Property and Domestic Relations
Section 1 - Trusts in Realty; Necessity of Writing
Section 2 - Record of Trust; Notice
Section 3 - Purchasers Without Notice
Section 3a - Trusts for Benefit of Employees; Rule Against Perpetuities
Section 4 - Testamentary Trustee; Appointment
Section 4a - Definitions Applicable to This Section and Sec. 4b
Section 4b - Fiduciaries; Disclosure Statements; Contents
Section 14b - Securities Held by Fiduciaries; Powers of Fiduciaries; Records and Certification
Section 42 - Trusts for the Benefit of Creditors; Termination of Trust