Income; accumulation
Sec. 2. The income arising from any trust within the classification
mentioned in the preceding section may be permitted to accumulate
in accordance with the terms of such trust for as long a time as may
be necessary to accomplish the purposes for which the same was
created, notwithstanding any existing law or laws limiting the period
during which trust income may be accumulated.
(Formerly: Acts 1949, c.184, s.2.)
Last modified: May 27, 2006