36D-10. Trust not subject to law against perpetuities; restraints on alienation.
A 36D Trust shall not be subject to or held to be in violation of any principle of law against perpetuities or restraints on alienation or perpetual accumulations of trusts. (1991 (Reg. Sess., 1992), c. 768, s. 1; 2005-192, s. 3; 2010-118, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 36D - North Carolina Community Third Party Trusts, Pooled Trusts
§ 36D-4 - Administration of Community Third Party and Pooled Trusts; powers and duties.
§ 36D-5 - Community Third Party and Pooled Trust accountability.
§ 36D-6 - Gifts, Community Third Party or Pooled Trust surplus trust funds.
§ 36D-7 - Special requests on behalf of beneficiary.
§ 36D-9 - Beneficiary's interest in trust not asset for income eligibility determination.
§ 36D-10 - Trust not subject to law against perpetuities; restraints on alienation.