New Jersey § 15A:8-5 Continuation of trust;  law against perpetuities inapplicable

New Jersey Statutes

§ 15A:8-5 — Continuation of trust; law against perpetuities inapplicable

New Jersey § 15A:8-5

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This text of New Jersey § 15A:8-5 (Continuation of trust; law against perpetuities inapplicable) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 15A:8-5 (2026).

Text

The period for which any trust may be created and maintained may be as long as may be desirable for the complete administration of any plan as originally adopted or thereafter amended, and a trust fund shall not be subject to or held to be in violation of any principle of law against perpetuities or restraints on alienation or perpetual accumulations of trusts. L.1983, c. 127, s. 15A:8-5, eff. Oct. 1, 1983.

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The period for which any trust may be created and maintained may be as long as may be desirable for the complete administration of any plan as originally adopted or thereafter amended, and a trust fund shall not be subject to or held to be in violation of any principle of law against perpetuities or restraints on alienation or perpetual accumulations of trusts. L.1983, c. 127, s. 15A:8-5, eff. Oct. 1, 1983.

Nearby Sections

5

§ 15A:8-1

Employee benefit plans

§ 15A:8-2

Formulation of plans

§ 15A:8-3

Amendment or termination of plans

§ 15A:8-4

Trust funds for employees; creation; maintenance and administration

§ 15A:8-5

Continuation of trust; law against perpetuities inapplicable

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New Jersey § 15A:8-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/15A/15A%3A8-5.