South Carolina § 27-5-80 Certain pension plans, annuity trusts, and the like of employers exempt from laws against perpetuities.

South Carolina Statutes

§ 27-5-80 — Certain pension plans, annuity trusts, and the like of employers exempt from laws against perpetuities.

South Carolina § 27-5-80

Title 27PROPERTY AND CONVEYANCES

Ch. 5ESTATES AND CONSTRUCTION OF DOCUMENTS CREATING ESTATES

This text of South Carolina § 27-5-80 (Certain pension plans, annuity trusts, and the like of employers exempt from laws against perpetuities.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 27-5-80 (2026).

Text

Pension, profit sharing, stock bonus and annuity trusts, or combinations thereof, established by employers for the purpose of distributing both the principal and income thereof exclusively to eligible employees, or the beneficiaries of such employees, shall not be invalid as violating any laws or rules against perpetuities or restraints on the power of alienation of title to property; but such trust may continue for such period of time as may be required by the provisions thereof to accomplish the purposes for which they are established.

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Pension, profit sharing, stock bonus and annuity trusts, or combinations thereof, established by employers for the purpose of distributing both the principal and income thereof exclusively to eligible employees, or the beneficiaries of such employees, shall not be invalid as violating any laws or rules against perpetuities or restraints on the power of alienation of title to property; but such trust may continue for such period of time as may be required by the provisions thereof to accomplish the purposes for which they are established.