Acts and Regulations

P-19 - Property Act

Full text
Employee benefit plans
3The rules of law and statutory enactments relating to perpetuities do not apply and shall be deemed never to have applied to the trusts of a plan, trust or fund established for the purpose of providing pensions, retirement allowances, annuities, or sickness, death or other benefits to employees or to their widows or widowers, their dependants or their other beneficiaries.
1955, c.66, s.1; 1997, c.9, s.3; 2008, c.45, s.25
Employee benefit plans
3The rules of law and statutory enactments relating to perpetuities do not apply and shall be deemed never to have applied to the trusts of a plan, trust or fund established for the purpose of providing pensions, retirement allowances, annuities, or sickness, death or other benefits to employees or to their widows, dependants or other beneficiaries.
1955, c.66, s.1; 1997, c.9, s.3