Arkansas Code Title 18, Subtitle 1, Chapter 3 - Uniform Statutory Rule Against Perpetuities

• § 18-3-101 - Statutory Rule Against Perpetuities.
  (a) A nonvested property interest is invalid unless: (1) when the interest is created, it is certain to vest or terminate no later than...
• § 18-3-102 - When Nonvested Property Interest or Power of Appointment Created.
  (a) Except as provided in subsections (b) and (c) of this section and in § 18-3-105(a), the time of creation of a nonvested property...
• § 18-3-103 - Reformation.
  Upon the petition of an interested person, a court shall reform a disposition in the manner that most closely approximates the transferor's manifested plan...
• § 18-3-104 - Exclusions From Statutory Rule Against Perpetuities.
  Section 18-3-101 does not apply to:(1) a nonvested property interest or a power of appointment arising out of a nondonative transfer, except a nonvested...
• § 18-3-105 - Prospective Application.
  (a) Except as extended by subsection (b) of this section, this chapter applies to a nonvested property interest or a power of appointment that...
• § 18-3-106 - Short Title.
  This chapter may be cited as the Uniform Statutory Rule Against Perpetuities.
• § 18-3-107 - Uniformity of Application and Construction.
  This chapter shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this...
• § 18-3-108 - [Reserved.]
• § 18-3-109 - Supercession of Common Law.
  This chapter supersedes the rule of the common law known as the rule against perpetuities.

Last modified: November 15, 2016