GEORGIA CODE (Last Updated: August 20, 2013) |
Title 44. PROPERTY |
Chapter 6. ESTATES |
Article 9. UNIFORM STATUTORY RULE AGAINST PERPETUITIES |
Section 44-6-203. Reform of disposition by court to approximate transferor's plan of distribution
Latest version.
- 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 90 years allowed by paragraph (2) of subsection (a), paragraph (2) of subsection (b), or paragraph (2) of subsection (c) of Code Section 44-6-201 if:
(1) A nonvested property interest or a power of appointment becomes invalid under Code Section 44-6-201;
(2) A class gift is not but might still become invalid under Code Section 44-6-201 and the time has arrived when the share of any class member is to take effect in possession or enjoyment; or
(3) A nonvested property interest that is not validated by paragraph (1) of subsection (a) of Code Section 44-6-201 can vest, but not within 90 years after its creation.
Code 1981, § 44-6-203, enacted by Ga. L. 1990, p. 1837, § 2.