Cal. Probate Code § 21205 : California Probate Code — Construction Of Wills, Trusts, And Other Instruments — Uniform Statutory Rule Against Perpetuities — Statutory Rule Against Perpetuities — Nonvested property interest

31 Aug 2016

Current through the 2016 Legislative Session

A nonvested property interest is invalid unless one of the following conditions is satisfied:

(a) When the interest is created, it is certain to vest or terminate no later than 21 years after the death of an individual then alive.
(b) The interest either vests or terminates within 90 years after its creation.
Ca. Prob. Code § 21205