Title 18-B: TRUSTS

Part 1: MAINE UNIFORM TRUST CODE

Chapter 12: MAINE UNIFORM TRUST DECANTING ACT

§1219. Duration of 2nd trust

1.  Duration.  Subject to subsection 2, a 2nd trust may have a duration that is the same as or different from the duration of the first trust.  

[PL 2021, c. 235, §1 (NEW).]

2.  Rules applicable to property.  To the extent that property of a 2nd trust is attributable to property of the first trust, the property of the 2nd trust is subject to any rules governing maximum perpetuity, accumulation or suspension of the power of alienation that apply to property of the first trust.  

[PL 2021, c. 235, §1 (NEW).]

SECTION HISTORY

PL 2021, c. 235, §1 (NEW).