Tennessee Code 35-13-108 – Validity under rules of remoteness or rule against perpetuities
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Terms Used In Tennessee Code 35-13-108
- charitable: as used in this chapter , unless expressly indicated not to be charitable by the context in which they are used. See Tennessee Code 35-13-102
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
No charitable gift shall fail for remoteness of vesting or for any violation of the rule against perpetuities.