Section 9-1.4. Acquisition of real property by foreign trust  


Latest version.
  • 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.