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Act 148 of 2008
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Act 148 of 2008

AN ACT to exclude certain personal property held in trust from the rule against perpetuities and similar rules that potentially affect the duration of trusts.

History: 2008, Act 148, Imd. Eff. May 28, 2008

© 2015 Legislative Council, State of Michigan

The People of the State of Michigan enact:

Section 554.91SectionShort title.
Section 554.92SectionDefinitions.
Section 554.93SectionPersonal property held in trust; interest in or power of appointment over; validity; exercise of second power; determination under uniform statutory rule against perpetuities.
Section 554.94SectionApplicability of act to certain personal property; scope of trust.