Legal Question in Real Estate Law in Oklahoma
Property
Does the transfer of property to charitable trust fall within the rule against perpetuity provided in Sec. 14 of T. P. Act?
Asked on 7/20/07, 4:52 am
2 Answers from Attorneys
kavitha balakrishnan
kpp associates
Re: Property
see sec.18 T.P ACT
18. Transfer in perpetuity for benefit of public.-The
restrictions in sections 14, 16 and 17 shall not apply in the case of
a transfer of property for the benefit of the public in the
advancement of religion, knowledge, commerce, health, safety, or any
other object beneficial to mankind.
Answered on 7/22/07, 11:56 pm
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