S.C. Code § 27-6-10
Short title
This chapter may be cited as the Uniform Statutory Rule Against Perpetuities.
South Carolina Code Title 27, Chapter 6 — Uniform Statutory Rule Against Perpetuities
South Carolina · statute · S.C. Code tit. 27, ch. 6 · 8 active provisions
S.C. Code § 27-6-20
Nonvested property interest or power of appointment
(A) A nonvested property interest is invalid unless: (1) when the interest is created, it is certain to vest or terminate no later than twenty-one years after the death of an individual then alive; or (2) the interest either vests or terminates within three hundred sixty years after its creation. (B) A general power of…
S.C. Code § 27-6-30
Creation of property interests and powers of appointment
(A) Except as provided in subsections (B) and (C) and in SECTION 27-6-60(A), the time of creation of a nonvested property interest or a power of appointment is determined under general principles of property law. (B) If there is a person who alone can exercise a power created by a governing instrument to become the unq…
S.C. Code § 27-6-40
Reformation of property dispositions
Upon the petition of an interested person, a court shall reform a disposition in the manner that most closely approximates the transferor's manifested plan of distribution and is within the three hundred sixty years permitted by this chapter if: (1) a nonvested property interest or a power of appointment becomes invali…
S.C. Code § 27-6-50
Exceptions to rule
Section 27-6-20 does not apply to: (1) a nonvested property interest or a power of appointment arising out of a nondonative transfer, except a nonvested property interest or a power of appointment arising out of (i) a premarital or postmarital agreement, (ii) a separation or divorce settlement, (iii) a spouse's electio…
S.C. Code § 27-6-60
Effect of timing of creation of property interest; savings clause
(A) Except as extended by subsection (B), this chapter applies to a nonvested property interest or a power of appointment that is created on or after July 1, 1987. For purposes of this section, a nonvested property interest or a power of appointment created by the exercise of a power of appointment is created when the…
S.C. Code § 27-6-70
Application and construction
This chapter shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this chapter among states enacting it.
S.C. Code § 27-6-80
Effect on common law
This chapter supersedes the common law rule against perpetuities.