Upon the petition of an interested person, a court shall reform a disposition in the manner that most closely approximates the transferor's manifested plan of distribution and is within the ninety years permitted by this chapter if:
(1) a nonvested property interest or a power of appointment becomes invalid under Section 27-6-20;
(2) a class gift is not but may become invalid under Section 27-6-20 and the time has arrived when the share of any class member is to take effect in possession or enjoyment; or
(3) a nonvested property interest that is not validated by Section 27-6-20(A)(1) can vest but not within ninety years after its creation.
HISTORY: 1987 Act No. 12, Section 1.
Structure South Carolina Code of Laws
Title 27 - Property and Conveyances
Chapter 6 - Uniform Statutory Rule Against Perpetuities
Section 27-6-20. Nonvested property interest or power of appointment.
Section 27-6-30. Creation of property interests and powers of appointment.
Section 27-6-40. Reformation of property dispositions.
Section 27-6-50. Exceptions to rule.
Section 27-6-60. Effect of timing of creation of property interest; savings clause.