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Act 418 of 1988
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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 554.71SectionShort title.
Section 554.72SectionNonvested 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 554.73SectionNonvested property interest or power of appointment; time of creation.
Section 554.74SectionReforming disposition; petition.
Section 554.75SectionApplicability of MCL 554.72; "second power" defined.
Section 554.76SectionNonvested property interest or power of appointment to which act applicable; violation of rule against perpetuities; reforming disposition.
Section 554.77SectionApplication and construction of act.
Section 554.78SectionConditional effective date.