Maine § 33 §111 Statutory rule against perpetuities

Maine Statutes

§ 33 §111 — Statutory rule against perpetuities

Maine·Title 33 PROPERTY·Ch. 5-A RULE AGAINST PERPETUITIES

1.Validity of nonvested property interest. A nonvested property interest is invalid unless:

2.Validity of general power of appointment subject to a condition precedent. A general power of appointment not presently exercisable because of a condition precedent is invalid unless:

3.Validity of nongeneral or testamentary power of appointment. A nongeneral power of appointment or a general testamentary power of appointment is invalid unless:

4.Possibility of post-death child disregarded. In determining whether a nonvested property interest or a power of appointment is valid under subsection 1, paragraph A; subsection 2, paragraph A; or subsection 3, paragraph A, the possibility that a child will be born to an individual after the individual's death is disregarded.

5.Effect of certain "late

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1.
Validity of nonvested property interest.
A nonvested property interest is invalid unless:
2.
Validity of general power of appointment subject to a condition precedent.
A general power of appointment not presently exercisable because of a condition precedent is invalid unless:
3.
Validity of nongeneral or testamentary power of appointment.
A nongeneral power of appointment or a general testamentary power of appointment is invalid unless:
4.
Possibility of post-death child disregarded.
In determining whether a nonvested property interest or a power of appointment is valid under subsection 1, paragraph A; subsection 2, paragraph A; or subsection 3, paragraph A, the possibility that a child will be born to an individual after the individual's death is disregarded.
5.
Effect of certain "later of"-type language.
Language contained in a governing instrument that measures a period from the creation of a trust or other property arrangement is inoperative to the extent it produces a period of time that exceeds 21 years after the death of the survivor of the specified lives in being if the language seeks:

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