Section 60-13-2 – Validity of prior trust for benefit of employees.
60-13-2. Validity of prior trust for benefit of employees. No rule of law against perpetuities or suspension of the power of alienation of the title to property may operate to invalidate any trust created or attempted to be created, prior to July 1, 1955, by an employer as part of a stock bonus, pension, disability, […]
Section 60-13-1 – Trust for benefit of employees not invalidated by rule against perpetuities.
60-13-1. Trust for benefit of employees not invalidated by rule against perpetuities. A trust of real or personal property, or real and personal property combined, created by an employer as part of a stock bonus pension, disability, death benefit, insurance, endowment, annuity or profit sharing plan for the benefit of some or all of the […]