W. Va. Code § 36-1-23
This is the official text of W. Va. Code § 36-1-23, part of West Virginia’s Va. Code — part of the compiled statutory law of West Virginia, published by the state as "Va. Code." Browse the sections below, each linked to its official government source.
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§36-1-23. Exemption of certain employee trusts from rule against perpetuities or restraints on alienation.
Official statutory text
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.
Status: in_force · Read it on the official government site
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