WEST VIRGINIA CODE
WVC 36 - 1 - 23
§36-1-23. Exemption of certain employee trusts from rule against
perpetuities or restraints on alienation.
Pension, profit sharing, stock bonus, annuity or other
employee trusts heretofore or hereafter established by employers
for the purpose of distributing the income and principal thereof to
some or all of their employees, or the beneficiaries of such
employees, shall not be invalid as violating any laws or rules
against perpetuities or restraints on the power of alienation of
title to property; but such trusts may continue for such period of
time as may be required by the provisions thereof to accomplish the
purposes for which they are established.
Note: WV Code updated with legislation passed through the 2012 1st Special Session
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