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CCQ-1991 - Civil Code of Québec
Section 1272
Disposition versions
1272. The right of beneficiaries of the first rank opens not later than 100 years after the trust is constituted, even if a longer term is stipulated. The right of beneficiaries of subsequent ranks may open later but solely for the benefit of those beneficiaries who have the required quality to receive at the expiry of 100 years after the constitution of the trust.
In no case may a legal person be a beneficiary for a period exceeding 100 years, even if a longer term is stipulated.
1272. The right of beneficiaries of the first rank opens not later than 100 years after the trust is constituted, even if a longer term is stipulated. The right of beneficiaries of subsequent ranks may open later but solely for the benefit of those beneficiaries who have the required quality to receive at the expiry of 100 years after creation of the trust.
In no case may a legal person be a beneficiary for a period exceeding 100 years, even if a longer term is stipulated.
