Oklahoma Statutes
§ 60-326 — Perpetuities and restraints on alienation.
Oklahoma·Title 60 Property
No retirement, pension or profit sharing plan, qualified for tax exemption purposes under present or future Acts of Congress, or any trusts, insurance and annuity contracts constituting a part thereof, shall be construed as violating the rule or law against perpetuities, or any rule or law against restraints on alienation; provided the power of alienation or the vesting of the interest of any person in such plan, trust or contract shall not be suspended for a longer period than the duration of the lives of the designated beneficiaries of such particular interest, in being at the time of designation, plus twenty-one (21) years.
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Legislative History
Laws 1953, p. 344, § 1.
Nearby Sections
15
§ 60-1
Definition of property.§ 60-1002
Plane coordinate values.§ 60-1005
Definitions.§ 60-1007
Conversion of feet to meters.§ 60-1101
Unconstitutional.§ 60-1102
Unconstitutional.§ 60-1103
Unconstitutional.§ 60-1104
Unconstitutional.§ 60-1105
Unconstitutional.§ 60-1106
Unconstitutional.