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Unless otherwise noted, the provisions of Title 68 were added July 2, 1980, P. (6) To procure insurance or guarantees from the Federal Government or the Commonwealth of the payment of debt incurred by the land bank and to pay premiums in connection with the insurance or guarantee. (8) To enter into contracts and intergovernmental cooperation agreements with municipalities for the performance of functions by municipalities on behalf of the land bank or by the land bank on behalf of municipalities. (5) To issue negotiable revenue bonds and notes according to the provisions of this chapter. A (relating to intergovernmental cooperation) for the joint exercise of powers under this chapter.Non-charitable purpose (NCP) trusts are one of the most overlooked vehicles for estate-planning purposes. Also, please note Arizona and Massachusetts have 90-year limits (generation-skipping transfer). These trusts can provide a helpful supplement to a grantor’s estate planning to protect, in perpetuity, assets near and dear to the family. Statement of a valid purpose (the purpose can’t be against public policy and must be reasonable and attainable); 2. Capable of being enforced by an enforcer and/or trust protector; 4.

The law protects contractual parties from unfair terms.

Exemption clauses (also known as exclusion clauses) are terms in a contract limiting or excluding the liability of one of the contractual parties in certain circumstances.

Exemption clauses can be used unfairly which may disadvantage a party.

The court will only uphold an exclusion or limitation clause that is clear and unambiguous in its terms.

If the term is unclear, it is likely to be construed against the party seeking to rely on it.

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