Section 555.301 – Trust of Property for Employees; Effect of Rule Against Perpetuities.

555.301 Trust of property for employees; effect of rule against perpetuities. Sec. 1. A trust of any kind of property created by an employer as part of a stock bonus plan, pension plan, disability or death benefit plan, or profit-sharing plan, for the exclusive benefit of some or all of his employees, to which contributions […]

Section 555.302 – Trusts of Property for Employees; Accumulation of Trust Income.

555.302 Trusts of property for employees; accumulation of trust income. Sec. 2. The income arising from any trust within the classifications 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 […]