Added by Stats. 1991, Ch. 156, Sec. 24.
This chapter shall be known and may be cited as the Uniform Statutory Rule Against Perpetuities.
Article 1 - General Provisions
California Probate Code — §§ 21200-21202
Sections (3)
Added by Stats. 1991, Ch. 156, Sec. 24.
This chapter supersedes the common law rule against perpetuities.
Added by Stats. 1991, Ch. 156, Sec. 24.
(a)Except as provided in subdivision (b), this part applies to nonvested property interests and unexercised powers of appointment regardless of whether they were created before, on, or after January 1, 1992.
(b)This part does not apply to any property interest or power of appointment the validity of which has been determined in a judicial proceeding or by a settlement among interested persons.