BlackletterCalifornia law

PART 2. PERPETUITIES [21200. - 21231.]

Part 2 added by Stats. 1991, Ch. 156, Sec. 24.

§§ 21200–21231 · 15 sections

  1. CHAPTER 1. Uniform Statutory Rule Against Perpetuities §§ 21200–21225 · 13 sections
    1. ARTICLE 1. General Provisions §§ 21200–21202 · 3 sections
      • § 21200 This chapter shall be known and may be cited as the Uniform Statutory Rule Against Perpetuities.
      • § 21201 This chapter supersedes the common law rule against perpetuities.
      • § 21202 (a) Except as provided in subdivision (b), this part applies to nonvested property interests and unexercised powers of appointment regardless of whether they…
    2. ARTICLE 2. Statutory Rule Against Perpetuities §§ 21205–21209 · 5 sections
      • § 21205 A nonvested property interest is invalid unless one of the following conditions is satisfied: (a) When the interest is created, it is certain to vest or…
      • § 21206 A general power of appointment not presently exercisable because of a condition precedent is invalid unless one of the following conditions is satisfied: (a)…
      • § 21207 A nongeneral power of appointment or a general testamentary power of appointment is invalid unless one of the following conditions is satisfied: (a) When the…
      • § 21208 In determining whether a nonvested property interest or a power of appointment is valid under this article, the possibility that a child will be born to an…
      • § 21209 (a) If, in measuring a period from the creation of a trust or other property arrangement, language in a governing instrument (1) seeks to disallow the vesting…
    3. ARTICLE 3. Time of Creation of Interest §§ 21210–21212 · 3 sections
      • § 21210 Except as provided in Sections 21211 and 21212, the time of creation of a nonvested property interest or a power of appointment is determined by other…
      • § 21211 For purposes of this chapter: (a) If there is a person who alone can exercise a power created by a governing instrument to become the unqualified beneficial…
      • § 21212 For purposes of this chapter, a nonvested property interest or a power of appointment arising from a transfer of property to a previously funded trust or other…
    4. ARTICLE 4. Reformation § 21220 · 1 section
      • § 21220 On petition of an interested person, a court shall reform a disposition in the manner that most closely approximates the transferor’s manifested plan of…
    5. ARTICLE 5. Exclusions from Statutory Rule Against Perpetuities § 21225 · 1 section
      • § 21225 Article 2 (commencing with Section 21205) does not apply to any of the following: (a) A nonvested property interest or a power of appointment arising out of a…
  2. CHAPTER 2. Related Provisions §§ 21230–21231 · 2 sections
    • § 21230 The lives of individuals selected to govern the time of vesting pursuant to Article 2 (commencing with Section 21205) of Chapter 1 may not be so numerous or so…
    • § 21231 In determining the validity of a nonvested property interest pursuant to Article 2 (commencing with Section 21205) of Chapter 1, an individual described as the…