MARVIN MANDEL, Governor                               149

11-101. INDESTRUCTIBILITY OF CONTINGENT REMAINDERS.

ANY CONTINGENT REMAINDER ARISING UNDER ANY WILL OR
INTER VIVOS TRANSFER SHALL BE CAPABLE OF TAKING EFFECT,
REGARDLESS OF THE DETERMINATION OF ANY PRECEDING ESTATE
OF FREEHOLD, IN THE SAME MANNER AND IN ALL RESPECTS AS IF
THE DETERMINATION HAD NOT HAPPENED. IT IS NOT NECESSARY
TO APPOINT TRUSTEES TO SUPPORT THE CONTINGENT REMAINDER
IN ORDER TO PREVENT THE DESTRUCTION OF IT.

REVISOR'S NOTE: This section presently appears as
Art. 93, §11-101. The only changes are in
style.

11-102. RULE AGAINST PERPETUITIES—EXCEPTIONS.

SUBJECT TO §§4-409 AND 11-103, THE COMMON-LAW RULE
AGAINST PERPETUITIES AS NOW RECOGNIZED IN THE STATE IS
PRESERVED, BUT THE RULE DOES NOT APPLY TO THE FOLLOWING:

(A) [[CEMETARY]] CEMETERY PERPETUAL CARE.

A LEGACY OR INTER VIVOS CONVEYANCE HAVING A VALUE OF
$5,000 OR LESS, OR OF ANY BURIAL LOT OF ANY VALUE, IN
TRUST OR OTHERWISE, FOR THE PURPOSE OF PROVIDING FOR THE
PERPETUAL CARE OR KEEPING IN GOOD ORDER AND CONDITION, OR
MAKING REPAIRS TO, ANY LOT, VAULT, MAUSOLEUM, OR OTHER
PLACE OF SEPULTURE BELONGING TO ANY INDIVIDUAL OR SEVERAL
INDIVIDUALS IN ANY [[CEMETARY]] CEMETERY OR GRAVEYARD,
THE LOTS IN WHICH ARE INTENDED FOR THE BURIAL OF MEMBERS
OF THE FAMILY, FAMILY CONNECTIONS, RELATIVES, OR FRIENDS
OF THE OWNERS, OR THEIR SUCCESSORS IN OWNERSHIP.

(E) TRANSFER FROM CHARITABLE CORPORATION ON
CONTINGENCY.

A LEGACY OR INTER VIVOS CONVEYANCE INTENDED TO
TRANSFER ASSETS FROM ANY CORPORATION INCORPORATED FOR
CHARITABLE OBJECTS, TO ANY OTHER CHARITABLE CORPORATION
ON A CONTINGENCY OR FUTURE EVENT.

(C) TRUST [[OF]] FOR EMPLOYEES.

A TRUST CREATED BY AN EMPLOYER AS PART OF A PENSION,
STOCK BONUS, DISABILITY, DEATH BENEFIT, PROFIT-SHARING,
RETIREMENT, WELFARE, OR OTHER PLAN FOR THE EXCLUSIVE
BENEFIT OF SOME OR ALL OF THE EMPLOYEES OF THE EMPLOYER
OR THEIR BENEFICIARIES, TO WHICH CONTRIBUTIONS ARE MADE
BY THE EMPLOYER OR EMPLOYEES, OR BOTH THE EMPLOYER AND
EMPLOYEES, FOR THE PURPOSE OF MAKING DISTRIBUTIONS TO OR
FOR THE BENEFIT OF EMPLOYEES OR THEIR BENEFICIARIES OUT
OF THE INCOME OR PRINCIPAL OR BOTH THE INCOME AND
PRINCIPAL Of THE TRUST, OR FOR ANY OTHER PURPOSES SET OUT