Hawaii Revised Statutes Chapter 555 — Employees Trust

Hawaii · statute · Haw. Rev. Stat. ch. 555 · 2 active provisions

Definitions

As used in this chapter: "Employees trust" means any trust created by an employer as part of a stock bonus, pension, profit-sharing, or annuity plan for the exclusive benefit of some or all of the employer's employees, or their beneficiaries, to which contributions are made by the employer, or employees, or both, for t…

HawaiiEmployees Trusteffective

Haw. Rev. Stat. § 555-2

Trust not in violation of rule against perpetuities

Any employees trust may continue for such time as may be necessary to accomplish the purposes for which it has been created and its income may be accumulated for such time as may be necessary to accomplish such purposes. No employees trust shall be deemed to be subject to or in violation of any principle of law against…

HawaiiEmployees Trusteffective