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Pagina 141
It is , therefore , necessary that specific provisions be made for the final termination of every trust ( except those for charitable purposes ) within the period allowed by the rule . The common law rule against perpetuities provides ...
It is , therefore , necessary that specific provisions be made for the final termination of every trust ( except those for charitable purposes ) within the period allowed by the rule . The common law rule against perpetuities provides ...
Pagina 144
( Restatement of the Law of Trusts , Vol . I , page 657 ; Scott on Trusts , Vol . 2 , page 1225 ; Prentice Hall Trust Service , Vol . III , Sec . 15023 ; Clark v . Clark , 144 S. E. 787 ; In re Franklin Trust Co. , 147 N. Y. S. 885. ) ...
( Restatement of the Law of Trusts , Vol . I , page 657 ; Scott on Trusts , Vol . 2 , page 1225 ; Prentice Hall Trust Service , Vol . III , Sec . 15023 ; Clark v . Clark , 144 S. E. 787 ; In re Franklin Trust Co. , 147 N. Y. S. 885. ) ...
Pagina 145
It is also to be noted that unless it clearly appears from the testator's intent as expressed in the will , non - legals originally forming a part of the trust estate may not be retained by the trustee as permanent investments .
It is also to be noted that unless it clearly appears from the testator's intent as expressed in the will , non - legals originally forming a part of the trust estate may not be retained by the trustee as permanent investments .
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