Texas Property Code
§ 121.004 — RULE AGAINST PERPETUITIES
PR § 121.004Title 9. TRUSTS · Part C. MISCELLANEOUS TRUSTS · Ch. 121. EMPLOYEES' TRUSTS · Art. A. PENSION TRUSTS
Statute text
View on sourceA pension trust may continue for as long as is necessary to accomplish the purposes of the trust and is not invalid under the rule against perpetuities or any other law restricting or limiting the duration of a trust.
Legislative history
Acts 1983, 68th Leg., p. 3691, ch. 576, Sec. 1, eff. Jan. 1, 1984.