§ 89-25-1. Short title

This chapter shall be known and may be referred to as the “Mississippi Uniform Statutory Rule Against Perpetuities.”

§ 89-25-11. Prospective application

Except as provided by subsection (2) of this section, this chapter applies to a nonvested property interest or a power of appointment that is created on or after July 1, 2015. For purposes of this section, a nonvested property interest or a power of appointment created by the exercise of a power of appointment is […]

§ 89-25-13. Uniformity

This chapter shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this chapter among states enacting it.

§ 89-25-15. Supersession

This chapter supersedes the rule of the common law known as the rule against perpetuities.

§ 89-25-3. Statutory rule against perpetuities

A nonvested property interest is invalid unless: When the interest is created, it is certain to vest or terminate no later than twenty-one (21) years after the death of an individual then alive; or The interest either vests or terminates within ninety (90) years after its creation. A general power of appointment not presently exercisable […]

§ 89-25-5. When nonvested property interest or power of appointment is created

Except as provided in subsections (2), (3) and (4) of this section and in Section 89-25-11(1), the time of creation of a nonvested property interest or a power of appointment is determined under general principles of property law. For purposes of this chapter, if there is a person who alone can exercise a power created […]

§ 89-25-7. Reformation

Upon petition of an interested person, a court shall reform a disposition in the manner that most closely approximates the transferor’s manifested plan of distribution and is within the ninety (90) years allowed by Section 89-25-3(1)(b), (2)(b) or (3)(b) or the three hundred sixty (360) years allowed in Section 89-25-9(h), if: A nonvested property interest […]

§ 89-25-9. Exclusions from the statutory rule against perpetuities

Section 89-25-3 shall not apply to: A nonvested property interest or a power of appointment arising out of a nondonative transfer, except a nonvested property interest or a power of appointment arising out of: A premarital or postmarital agreement; A separation or divorce settlement; A spouse’s election; A similar arrangement arising out of a prospective, […]