Maine § 18-B §1219 Duration of 2nd trust

Maine Statutes

§ 18-B §1219 — Duration of 2nd trust

Maine § 18-B §1219

Title 18-BTRUSTS

Part 1MAINE UNIFORM TRUST CODE

Ch. 12MAINE UNIFORM TRUST DECANTING ACT

This text of Maine § 18-B §1219 (Duration of 2nd trust) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 18-B, § 18-B §1219 (2026).

Text

1.Duration. Subject to subsection 2, a 2nd trust may have a duration that is the same as or different from the duration of the first trust.

2.Rules applicable to property. To the extent that property of a 2nd trust is attributable to property of the first trust, the property of the 2nd trust is subject to any rules governing maximum perpetuity, accumulation or suspension of the power of alienation that apply to property of the first trust.

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1.
Duration.
Subject to subsection 2, a 2nd trust may have a duration that is the same as or different from the duration of the first trust.
2.
Rules applicable to property.
To the extent that property of a 2nd trust is attributable to property of the first trust, the property of the 2nd trust is subject to any rules governing maximum perpetuity, accumulation or suspension of the power of alienation that apply to property of the first trust.