IC 30-2-6
    Chapter 6. Exemption of Employee Benefit Trusts From RuleAgainst Perpetuities

IC 30-2-6-1
Contributions; self-employment retirement fund
    Sec. 1. Either:
        (1) a trust created by an employer as part of a stock bonus,pension, disability, death benefit, or profit-sharing plan for thebenefit of some or all of his employees, to which contributionsare made by the employer or employees, or both, for thepurpose of distributing to the employees the earnings orprincipal, or both earnings and principal, of the fund held intrust; or
        (2) a retirement fund or trust which at any time is tax exemptunder the provisions of the Internal Revenue Code and to whichcontributions are made by self-employed persons or qualifiedindividuals for the purpose of providing pension or otherbenefits for themselves or their beneficiaries;
may continue in perpetuity or for such time as may be necessary toaccomplish the purpose for which such trust is created and shall notbe invalid as violating any law against perpetuities or suspension ofthe power of alienation of the title to property.
(Formerly: Acts 1949, c.184, s.1; Acts 1953, c.253, s.1.) As amendedby P.L.2-1987, SEC.45.

IC 30-2-6-2
Income; accumulation
    Sec. 2. The income arising from any trust within the classificationmentioned in the preceding section may be permitted to accumulatein accordance with the terms of such trust for as long a time as maybe necessary to accomplish the purposes for which the same wascreated, notwithstanding any existing law or laws limiting the periodduring which trust income may be accumulated.
(Formerly: Acts 1949, c.184, s.2.)

IC 30-2-6-3
Termination of trust; limitation of actions
    Sec. 3. No rule of law against perpetuities or suspension of thepower of alienation of the title to property, or the accumulation ofincome, shall operate to invalidate any trust created or attempted tobe created before September 10, 1949, by an employer as part of astock bonus, pension, disability, death benefit, or profit-sharing planfor the benefit of some or all of his employees, to whichcontributions are made by the employer or employees or both for theearnings and principal of the fund held in trust, unless the trust isterminated by a court of competent jurisdiction in a suit institutedbefore September 11, 1950.
(Formerly: Acts 1949, c.184, s.3.) As amended by Acts 1982,P.L.171, SEC.105.