Section 55-1-27 - Certain remainder interests not property interests.
55-1-27. Certain remainder interests not property interests. Although a remainder interest may be an enforceable right, where it is not absolutely certain based on the language of the trust that the remainder interest will be distributed within one year, it may not be classified as a property interest. This section does not affect eligibility for any public assistance program administered by the Department of Social Services pursuant to § 28-1-1.
Source: SL 2007, ch 280, § 4.