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UNIFORM STATUTORY RULE AGAINST PERPETUITIES
Act 418 of 1988
AN ACT to adopt the uniform statutory rule against perpetuities.
History: 1988, Act 418, Imd. Eff. Dec. 27, 1988
© 2009 Legislative Council, State of Michigan
The People of the State of Michigan enact:
|Section 554.71||Section||Short title.
|Section 554.72||Section||Nonvested property interest; general power of appointment, nongeneral power of appointment, or general testamentary power of appointment; validity; language measuring time period from creation of trust or other property arrangement.
|Section 554.73||Section||Nonvested property interest or power of appointment; time of creation.
|Section 554.74||Section||Reforming disposition; petition.
|Section 554.75||Section||Applicability of MCL 554.72; "second power" defined.
|Section 554.76||Section||Nonvested property interest or power of appointment to which act applicable; violation of rule against perpetuities; reforming disposition.
|Section 554.77||Section||Application and construction of act.
|Section 554.78||Section||Conditional effective date.