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Act 148 of 2008
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PERSONAL PROPERTY TRUST PERPETUITIES ACT

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


© 2009 Legislative Council, State of Michigan

The People of the State of Michigan enact:

DocumentTypeDescription
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.