Current with changes from the 2024 Legislative Session
Section 14-617 - Duration of second trust(a) Subject to subsection (b) of this section, a second trust may have a duration that is the same as or different from the duration of the first trust.(b) To the extent that the property of a second trust is attributable to property of a first trust, the property of the second trust is subject to any rules governing maximum perpetuity, accumulation, or suspension of the power of alienation that apply to the property of the first trust.Added by 2023 Md. Laws, Ch. 716, Sec. 1, eff. 10/1/2023.Added by 2023 Md. Laws, Ch. 715, Sec. 1, eff. 10/1/2023.