This article shall be known and may be cited as the “Uniform Statutory Rule Against Perpetuities.” History. Code 1981, § 44-6-200 , enacted by Ga. L. 1990, p. 1837, § 2. Law reviews. For comment on Regents of Univ. Sys. v. Trust Co., 186 Ga. 498 , 198 S.E. 345 (1938), see 1 Ga. B.J. […]
A nonvested property interest is invalid unless: When the interest is created, it is certain either to vest or to terminate within the lifetime of an individual then alive or within 21 years after the death of that individual; or The interest either vests or terminates within 360 years after its creation. A general power […]
Except as provided in subsections (b) and (c) of this Code section and in subsection (a) of Code Section 44-6-205, 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 article, if there is a person who alone can […]
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 of distribution and is within the number of years allowed by paragraph (2) of subsection (a), (b), or (c) of Code Section 44-6-201 if: A nonvested property interest or a power […]
Code Section 44-6-201 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 […]
Except as extended by subsection (b) of this Code section, this article applies to a nonvested property interest or a power of appointment that is created on or after July 1, 2018. For purposes of this Code section only, a nonvested property interest or a power of appointment created by the exercise of a power […]
This article shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this article among states enacting it. History. Code 1981, § 44-6-206 , enacted by Ga. L. 1990, p. 1837, § 2.
