Texas Property Code - Section 112.036. Rule Against Perpetuities
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Texas Laws > Property Code > Texas Property Code - Section 112.036. Rule Against Perpetuities
§ 112.036. RULE AGAINST PERPETUITIES. 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.
Added by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, § 2, eff.
Jan. 1, 1984. Amended by Acts 1984, 68th Leg., 2nd C.S., ch. 18,
§ 10, eff. Oct. 2, 1984.
Section: 112.009 112.010 112.031 112.032 112.033 112.034 112.035 112.036 112.037 112.051 112.052 112.053 112.054 112.055 112.056
Last modified: August 11, 2007
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