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A01737 Summary:

BILL NOA01737
 
SAME ASNo Same As
 
SPONSORWright
 
COSPNSR
 
MLTSPNSR
 
Rpld & add Art 9 Part 1 SS9-1.1 - 9-1.8, amd SS7-2.1 & 11-2.2, EPT L; amd S7302, Ins L
 
Creates the Uniform Statutory Rule Against Perpetuities; adopts the "wait and see" for dealing with future interests; gives a period of time within which an interest can actually vest; provides that the rule begins to run at the time an interest is created and that there are certain exceptions to the rule.
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