Pension, profit sharing, stock bonus, annuity or other employee trusts heretofore or hereafter established by employers for the purpose of distributing the income and principal thereof to some or all of their employees, or the beneficiaries of such employees, shall not be invalid as violating any laws or rules against perpetuities or restraints on the power of alienation of title to property; but such trusts may continue for such period of time as may be required by the provisions thereof to accomplish the purposes for which they are established.
Structure West Virginia Code
Chapter 36. Estates and Property
Article 1. Creation of Estates Generally
§36-1-1. Creation of Estates; Necessity of Deed or Will
§36-1-2. Power of Attorney to Execute Deed of Land; Necessity of Writing
§36-1-3. Contracts for Sale or Lease of Land; Necessity of Writing
§36-1-4a. Memorandum of Trust; Requirements; Recordation
§36-1-5. Gifts of Personal Property
§36-1-7. Rights of Persons Not Parties to Instrument
§36-1-8. Conveyance by Attorney in Fact
§36-1-9. Conveyance of Various Interests and Future Estates in Land or Personal Property
§36-1-10. Operation of Conveyance in Excess of Actual Interest
§36-1-11. Fee Simple May Be Created Without Words of Limitation
§36-1-13. Limitations Contingent Upon Death
§36-1-14. Rule in Shelley's Case Abolished
§36-1-15. Contingent Remainder; Validity; Indestructibility
§36-1-16. Interest in Property Coupled With Power of Disposal
§36-1-19. Joint Tenancy; Tenancy by Entireties; Survivorship
§36-1-20. When Survivorship Preserved
§36-1-20a. Elimination of Need for Straw Party in Creating Joint Tenancy With Right of Survivorship
§36-1-24. Options in Leases Not Affected by Rule Against Perpetuities