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North Carolina General Statutes Chapter 41. Estates § 41-6.5. Common-law rule against perpetuities abolished

Current as of January 01, 2023 | Updated by FindLaw Staff

(a) The rule of the common law known as the rule against perpetuities is abolished.

(b) Article 2 of this Chapter sets out the Uniform Statutory Rule Against Perpetuities.

(c) This section applies to a property interest or a power of appointment created on or after October 1, 1995. This section clarifies the intent of the General Assembly to abolish the common-law rule against perpetuities when it enacted Chapter 190 of the 1995 Session Laws, which enacted the Uniform Statutory Rule Against Perpetuities.

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Cite this article: FindLaw.com - North Carolina General Statutes Chapter 41. Estates § 41-6.5. Common-law rule against perpetuities abolished - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-41-estates/nc-gen-st-sect-41-6-5/

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