Subject to the approval of a majority of qualified voters at the general election in November 2012, amends Section 34 of Article I of the NC Constitution to provide that the prohibition against perpetuities does not apply to noncharitable trusts or charitable entities. If approved, effective January 1, 2013.
PERPETUITIES & TRUSTS/AMEND CONSTITUTION.
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| View NCGA Bill Details(link is external) | 2011-2012 Session |
TO AMEND THE NORTH CAROLINA CONSTITUTION TO CLARIFY THAT THE PROHIBITION AGAINST PERPETUITIES DOES NOT APPLY TO CHARITIES AND TRUSTS.Intro. by Goolsby, Clodfelter, Brunstetter.
Status: Ref To Com On Judiciary I (Senate Action) (Mar 23 2011)
Bill History:
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Tue, 22 Mar 2011 Senate: Filed(link is external)
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Wed, 23 Mar 2011 Senate: Passed 1st Reading(link is external)
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Wed, 23 Mar 2011 Senate: Ref To Com On Judiciary I(link is external)
S 398
Bill Summaries:
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Bill S 398 (2011-2012)Summary date: Mar 22 2011 - View Summary
View: All Summaries for Bill