N.Y. EPT Law § 9-1.6
This is the official text of N.Y. EPT Law § 9-1.6, part of New York’s EPT Law — part of the compiled statutory law of New York, published by the state as "EPT Law." Browse the sections below, each linked to its official government source.
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Trust for employees
Official statutory text
§ 9-1.6 Trust for employees\n A trust created by an employer, as part of a stock bonus, pension,\ndisability or death benefit or profit-sharing plan, for the exclusive\nbenefit of some or all of his employees, to which contributions are made\nby such employer or employees, or both, for the purpose of distributing\nto such employees the income or principal, or both, of the fund so held\nin trust, is not invalid as violating the rule against perpetuities; but\nsuch trust may continue for such time as may be necessary to accomplish\nthe purposes for which it is created.\n
Status: in_force · Read it on the official government site
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