Bill Summaries: S398 (2011-2012 Session)

Tracking:
  • Bill S 398 (2011-2012)
    Summary date: Mar 22 2011 - View summary

    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.
    Constitution, Nonprofits
    CONST

© 2022 School of Government The University of North Carolina at Chapel Hill

This work is copyrighted and subject to "fair use" as permitted by federal copyright law. No portion of this publication may be reproduced or transmitted in any form or by any means without the express written permission of the publisher. Distribution by third parties is prohibited. Prohibited distribution includes, but is not limited to, posting, e-mailing, faxing, archiving in a public database, installing on intranets or servers, and redistributing via a computer network or in printed form. Unauthorized use or reproduction may result in legal action against the unauthorized user.