California Law (Last Updated: March 4, 2014) |
Probate Code - PROB |
Division 9. TRUST LAW |
Part 2. CREATION, VALIDITY, MODIFICATION, AND TERMINATION OF TRUSTS |
Chapter 1. Creation and Validity of Trusts |
Section 15211.
Latest version.
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A trust for a noncharitable corporation or unincorporated society or for a lawful noncharitable purpose may be performed by the trustee for only 21 years, whether or not there is a beneficiary who can seek enforcement or termination of the trust and whether or not the terms of the trust contemplate a longer duration.
(Added by Stats. 1991, Ch. 156, Sec. 20.)