House Sponsors: WOOD. Short description: TRUSTS-RULE AGNST PERPETUITIES Synopsis of Bill as introduced: Amends the Statute Concerning Perpetuities. Provides that the rule against perpetuities shall not apply to trusts created by an inter-vivos instrument, executed or amended on or after January 1, 1998, or to trusts created by will or through the exercise of a testamentary power of appointment where the testator has died on or after January 1, 1998. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status