South Carolina § 33-53-30 Effect of rule against perpetuities.

South Carolina Statutes

§ 33-53-30 — Effect of rule against perpetuities.

South Carolina·Title 33 CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS·Ch. 53 BUSINESS TRUSTS

A business trust shall not be affected by any rule against perpetuities.

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Legislative History

HISTORY: 1962 Code SECTION 52-203; 1961 (52) 537.

Nearby Sections

5

§ 33-53-10

Recording and filing of instrument creating business trust.

§ 33-53-20

Name in which real estate may be acquired, conveyed and mortgaged.

§ 33-53-30

Effect of rule against perpetuities.

§ 33-53-40

Suits brought by and against business trust; liability of shareholders and trustees.

§ 33-53-50

Service of process on business trust.

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