West Virginia § 36-1-23 Exemption of certain employee trusts from rule against perpetuities or restraints on alienation

West Virginia Statutes

§ 36-1-23 — Exemption of certain employee trusts from rule against perpetuities or restraints on alienation

West Virginia § 36-1-23

Ch. 36ESTATES AND PROPERTY

Art. 1CREATION OF ESTATES GENERALLY

This text of West Virginia § 36-1-23 (Exemption of certain employee trusts from rule against perpetuities or restraints on alienation) is published on Counsel Stack Legal Research, covering West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

W. Va. Code § 36-1-23 (2026).

Text

Pension, profit sharing, stock bonus, annuity or other employee trusts heretofore or hereafter established by employers for the purpose of distributing the income and principal thereof to some or all of their 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 trusts 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, annuity or other employee trusts heretofore or hereafter established by employers for the purpose of distributing the income and principal thereof to some or all of their 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 trusts may continue for such period of time as may be required by the provisions thereof to accomplish the purposes for which they are established.