§36-1A-1. Statutory Rule Against Perpetuities
(a) A nonvested property interest is invalid unless: (1) When the interest is created, it is certain to vest or terminate no later than twenty-one years after the death of an individual then alive; or
§36-1A-2. When Nonvested Property Interest or Power of Appointment Created
(a) Except as provided in subsections (b) and (c) of this section and in subsection (a), section five of this article, the time of creation of a nonvested property interest or a power of appointment is determined under general principles of property law. (b) For purposes of this article, if there is a person who […]
§36-1A-3. Reformation
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 ninety years allowed by the provisions of subdivision (2), subsection (a), or subdivision (2), subsection (b), or subdivision (2), subsection (c), section one of this […]
§36-1A-4. Exclusions From Statutory Rule Against Perpetuities
The provisions of section one of this article do not apply to: (1) 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) A premarital or postmarital agreement; (B) a separation or divorce settlement; (C) a […]
§36-1A-5. Prospective Application
(a) Except as extended by subsection (b) of this section, this article applies to a nonvested property interest or a power of appointment that is created on or after the effective date of this article. For purposes of this section, a nonvested property interest or a power of appointment created by the exercise of a […]
§36-1A-6. Short Title
This article may be cited as the "Uniform Statutory Rule Against Perpetuities."
§36-1A-7. Uniformity of Application and Construction
The provisions of 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.
§36-1A-8. Supersession Repeal
The provisions of this article supersede the rule of the common law known as the rule against perpetuities.