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36 chapters · 499 sections in this title.
33 M.R.S. § 111 Statutory rule against perpetuities
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1. Validity of nonvested property interest. A nonvested property interest is invalid unless: A. When the interest is created, it is certain to vest or terminate no later than 21 years after the death of an individual then alive; or [PL 2017, c. 402, Pt. B, §2 (NEW); PL 2019, c. 4…
33 M.R.S. § 112 When nonvested property interest or power of appointment created
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1. General principles. Except as provided in subsections 2 and 3 and in section 115, subsection 1, the time of creation of a nonvested property interest or a power of appointment is determined under general principles of property law. 2. Unqualified beneficial owner. For purposes…
33 M.R.S. § 113 Reformation
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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 so that the reformed disposition is within the 90 years allowed by section 111, subsection 1, paragraph …
33 M.R.S. § 114 Exclusions from statutory rule against perpetuities
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Section 111 does not apply to: [PL 2017, c. 402, Pt. B, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).] 1. Nonvested property interest or power of appointment arising out of nondonative transfer; exceptions. A nonvested property interest or a power of appointment arising out of a n…