No trust created pursuant to the provisions of this article, nor any interest therein, shall be deemed to be invalid by any existing law or rule against perpetuities or accumulations or suspension of the power of alienation and such trust and any interest therein may continue for such time as may be necessary to accomplish the purposes for which it may be created.
Source: L. 95: Entire article R&RE, p. 1046, § 1, effective May 25.
Editor's note: This section is similar to former § 10-15-120 as it existed prior to 1995. 10-15-121. Other insurance laws applicable. In addition to the provisions of this article, the provisions of article 1 of this title and parts 9 and 11 of article 3 of this title, except as they are inconsistent with the provisions or purposes of this article, shall apply to any person regulated pursuant to this article.
Source: L. 95: Entire article R&RE, p. 1046, § 1, effective May 25.
Editor's note: This section is similar to former § 10-15-121 as it existed prior to 1995.