EPTL 9-1.6 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 9-1.5 Trust with transferable certificates up PART 1 Perpetuities next SECTION 9-1.7 Trust for self-employed individuals and others Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 9-1.6 Trust for employees Estates, Powers & Trusts (EPT) CHAPTER 17-B, ARTICLE 9, PART 1 § 9-1.6 Trust for employees A trust created by an employer, as part of a stock bonus, pension, disability or death benefit or profit-sharing plan, for the exclusive benefit of some or all of his employees, to which contributions are made by such employer or employees, or both, for the purpose of distributing to such employees the income or principal, or both, of the fund so held in trust, is not invalid as violating the rule against perpetuities; but such trust may continue for such time as may be necessary to accomplish the purposes for which it is created.