Tex. Prop. Code § 121.004

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 121.004 - Rule Against Perpetuities

A pension trust may continue for as long as is necessary to accomplish the purposes of the trust and is not invalid under the rule against perpetuities or any other law restricting or limiting the duration of a trust.

Tex. Prop. Code § 121.004

Acts 1983, 68th Leg., p. 3691, ch. 576, Sec. 1, eff. 1/1/1984.