Utah Statutes
§ 75B-1-202 — Retirement trusts exempted from rules against perpetuities, accumulations, or suspension of power of alienation.
(1)A retirement trust is not invalid as violating a rule against perpetuities, a rule against accumulations, a rule concerning the suspension of the power of alienation of title to property, or any other law restricting or limiting the duration of trusts.
(2)A retirement trust may continue in perpetuity or for the time that is necessary to accomplish the purposes for which the retirement trust was created.
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Utah § 75B-1-202 (Retirement trusts exempted from rules against perpetuities, accumulations, or suspension of power of alienation.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Renumbered and Amended by Chapter 364, 2024 General Session
Nearby Sections
15
§ 75B-1-101
Definitions for title.§ 75B-1-102
Transition clause.§ 75B-1-201
Definitions for part.§ 75B-1-203
Income permitted to accumulate.§ 75B-1-301
Definitions for part.§ 75B-1-302
Asset protection trust. -- Governing law.§ 75B-1-303
Requirements for asset protection trust.§ 75B-1-304
Application of asset protection trust.§ 75B-1-305
Illusory agreement.§ 75B-1-306
Affidavit of solvency.