Online Sunshine Logo
Official Internet Site of the Florida Legislature
January 24, 2022
Text: 'NEW Advanced Legislative Search'
Interpreter Services for the Deaf and Hard of Hearing
Go to MyFlorida House
Go to MyFlorida House
Select Year:  
The Florida Statutes

The 2021 Florida Statutes

Title XXXI
Chapter 441
View Entire Chapter
F.S. 441.01
441.01 Trust for employees.A trust created by an employer as part of a stock bonus plan, pension plan, disability or death benefit plan, or profit sharing plan, for the exclusive benefit of some or all of his or her employees, to which contributions are made by such employer or employees, or both for the purpose of distributing to such employees the earnings or the principal, or both earnings and principal, of the fund so held in trust, shall not be deemed to be invalid as violating any existing law against perpetuities or suspension of the power of alienation of title to property; but such a trust may continue for such time as may be necessary to accomplish the purposes for which it may be created.
History.s. 1, ch. 29948, 1955; s. 129, ch. 97-103.