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

Maine Statutes

§ 18-B §1219 — Duration of 2nd trust

Maine·Title 18-B TRUSTS·Part 1 MAINE UNIFORM TRUST CODE·Ch. 12 MAINE UNIFORM TRUST DECANTING ACT

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.

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