Current through 2024 Session Acts Chapter 111 and 2024 Special Session Acts Chapter 4
Section 58-5120 - Duration of second trust(a) Subject to subsection (b), a second trust may have a duration that is the same as or different from the duration of the first trust.(b) To the extent that property of a second trust is attributable to property of the first trust, the property of the second trust is subject to any rules governing maximum perpetuity, accumulation or suspension of the power of alienation that apply to property of the first trust.Added by L. 2023, ch. 48,§ 20, eff. 7/1/2023.