127. Limitation of accumulation.

Trusts for accumulation and dispositions directly or indirectly causing accumulation, wholly or partially, of the rents, profits or income of any real or personal property must, in addition to complying with the rule against perpetuities, be confined (with certain statutory and other exceptions1) to one or other of certain alternative statutory periods, any one of which, but not more than one, may be chosen2. The restrictions apply to powers to accumulate as well as to imperative trusts for accumulation