The income arising from or earned by the property held in a retirement trust is permitted to accumulate, in accordance with the terms of the trust:
- (1) for the time period permitted by the instrument creating the trust; or
- (2) if the instrument creating the trust does not specify a time period, for the time period that is necessary for a trustee of the trust to accomplish the purposes for which the trust was created.
Renumbered and Amended by Chapter 364, 2024 General Session