Rule against perpetuities inapplicable

10-15-120. Rule against perpetuities inapplicable. No trust created pursuant to the provisions of this article, nor any interest therein, shall be deemed to be invalid by any existing law or rule against perpetuities or accumulations or suspension of the power of alienation and such trust and any interest therein may continue for such time as may be necessary to accomplish the purposes for which it may be created. Source: L. 95: Entire article R&RE, p. 1046, � 1, effective May 25. Editor's note: This section is similar to former � 10-15-120 as it existed prior to 1995.