121.004 – RULE AGAINST PERPETUITIES. A pension trust may
Texas Property Code § 121.004
Summary
This law allows pension trusts to exist for as long as needed to fulfill their purposes, provided they comply with the rule against perpetuities and other legal duration limits. It affects pension trusts and their beneficiaries by clarifying their operational duration.
Pension trusts can last as long as necessary for their purposes.
Must comply with the rule against perpetuities.
Affects the duration limits of pension trusts.
Frequently Asked Questions
Why Attorneys Choose FlawFinder
Side-by-side with Westlaw and LexisNexis
Feature
FlawFinder
Westlaw
LexisNexis
Monthly price
$19 - $99
$133 - $646
$153 - $399
Contract
None
1-3 year min
1-6 year min
Hidden fees
$0, always
Up to $469/search
$25/mo + per-doc
Police SOPs
✓ 310+ departments
✗
✗
Zero-hallucination AI
✓ CitationGuard
✗
✗
Cancel
One click
Termination fees
No option to cancel
Explain Like I'm 5
In simple terms: Learn about Texas's RULE AGAINST PERPETUITIES. A pension trust may law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.