Main Content Act 148 of 2008 friendly link Printer Friendly bills affecting index and updates Search within this Statute for PERSONAL PROPERTY TRUST PERPETUITIES ACTAct 148 of 2008AN 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 MichiganThe 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.