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This entry was published on 2014-09-22
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SECTION 9-1.4
Acquisition of real property by foreign trust
Estates, Powers & Trusts (EPT) CHAPTER 17-B, ARTICLE 9, PART 1
§ 9-1.4 Acquisition of real property by foreign trust

Where real property situated in this state is acquired by a trust
validly created under the law of another jurisdiction, whether there is
a violation of the rule against perpetuities and whether a direction for
the accumulation of rents and profits is valid are determined by the law
of this state in effect at the time of the acquisition of such property.