Okla. Stat. tit. 60, § 60-326
This is the official text of Okla. Stat. tit. 60, § 60-326, part of Oklahoma’s Stat. tit. 60, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 60,." Browse the sections below, each linked to its official government source.
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Perpetuities and restraints on alienation
Official statutory text
No retirement, pension or profit sharing plan, qualified for tax
exemption purposes under present or future Acts of Congress, or any
trusts, insurance and annuity contracts constituting a part thereof,
shall be construed as violating the rule or law against
perpetuities, or any rule or law against restraints on alienation;
provided the power of alienation or the vesting of the interest of
any person in such plan, trust or contract shall not be suspended
for a longer period than the duration of the lives of the designated
beneficiaries of such particular interest, in being at the time of
designation, plus twenty-one (21) years.
exemption purposes under present or future Acts of Congress, or any
trusts, insurance and annuity contracts constituting a part thereof,
shall be construed as violating the rule or law against
perpetuities, or any rule or law against restraints on alienation;
provided the power of alienation or the vesting of the interest of
any person in such plan, trust or contract shall not be suspended
for a longer period than the duration of the lives of the designated
beneficiaries of such particular interest, in being at the time of
designation, plus twenty-one (21) years.
Status: in_force · Read it on the official government site
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