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The rule against perpetuities applies to trusts other than charitable trusts. Accordingly, an interest is not good unless it must vest, if at all, not later than 21 years after some life in being at the time of the creation of the interest, plus a period of gestation. Any interest in a trust may, however, be reformed or construed to the extent and as provided by Section 5.043.
Cite this article: FindLaw.com - Texas Property Code - PROP § 112.036. Rule Against Perpetuities - last updated April 14, 2021 | https://codes.findlaw.com/tx/property-code/prop-sect-112-036.html
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