9-2.1 – Rules Governing Accumulations

§ 9-2.1 Rules governing accumulations (a) All directions for the accumulation of income are void unless authorized by statute. (b) A direction for the accumulation of income is valid if such accumulation is to begin and terminate within the time allowed by the rule against perpetuities. An accumulation directed to continue for a period extending […]

9-2.3 – Undistributed Income

§ 9-2.3 Undistributed income When income is not disposed of and no valid direction is given for its accumulation it passes to the persons presumptively entitled to the next eventual estate.