Probate Code - PROB
DIVISION 9. TRUST LAW [15000 - 19530]
( Division 9 enacted by Stats. 1990, Ch. 79. ) PART 2. CREATION, VALIDITY, MODIFICATION, AND TERMINATION OF TRUSTS [15200 - 15414]
( Part 2 enacted by Stats. 1990, Ch. 79. ) CHAPTER 1. Creation and Validity of Trusts [15200 - 15212]
( Chapter 1 enacted by Stats. 1990, Ch. 79. ) 15211.
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.)