Rhode Island § 28-17-2 § 28-17-2. Accumulation of income — Perpetuities — Suspension of power of alienation.

Rhode Island Statutes

§ 28-17-2 — § 28-17-2. Accumulation of income — Perpetuities — Suspension of power of alienation.

Rhode Island·Title 28 Labor and Labor Relations·Ch. 28-17 Employeesâ€™ Trusts

§ 28-17-2. Accumulation of income — Perpetuities — Suspension of power of alienation.
The income arising from any personal property held in any employees' trust as defined
            in § 28-17-1 may be permitted to accumulate in accordance with the terms of the trust and the
            plan to which the trust forms a part for any time that may be necessary to accomplish
            the purposes for which the trust has been created. An employees' trust shall not be
            deemed to be invalid as violating the rule against perpetuities or any law or rule
            against perpetuities or the suspension of the power of alienation of title to property,
            but may continue for any time that may be necessar

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§ 28-17-2. Accumulation of income — Perpetuities — Suspension of power of alienation.

The income arising from any personal property held in any employees' trust as defined in § 28-17-1 may be permitted to accumulate in accordance with the terms of the trust and the plan to which the trust forms a part for any time that may be necessary to accomplish the purposes for which the trust has been created. An employees' trust shall not be deemed to be invalid as violating the rule against perpetuities or any law or rule against perpetuities or the suspension of the power of alienation of title to property, but may continue for any time that may be necessary to accomplish the purposes for which it has been created.

Rhode Island § 28-17-2 (§ 28-17-2. Accumulation of income — Perpetuities — Suspension of power of alienation.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.