Rule against perpetuities inapplicable to existing trusts

Colo. Rev. Stat. § 38-30-112, under Titles and Interests.

Colo. Rev. Stat. § 38-30-112

No suit or other proceeding affecting a pension, stock bonus, disability, death benefit, or profit-sharing plan existing on September 29, 1951, wherein relief is sought on the ground that such plan is in violation of any existing law or rule against perpetuities or accumulations or suspension of the power of alienation, shall be instituted.

Source: L. 51: p. 805, § 2. CSA: C. 40, § 9(3). CRS 53: § 118-1-12. C.R.S. 1963: § 118-1-12.

ANNOTATION

Law reviews. For article, "The Rule Against Perpetuities in Colorado", see 12 Colo. Law. 1625 (1983).