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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
© 2015 Legislative Council, State of Michigan
The People of the State of Michigan enact:
|Section 554.91||Section||Short title.
|Section 554.93||Section||Personal property held in trust; interest in or power of appointment over; validity; exercise of second power; determination under uniform statutory rule against perpetuities.
|Section 554.94||Section||Applicability of act to certain personal property; scope of trust.