MCL - Act 418 of 1988

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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




The People of the State of Michigan enact:
Document Type Description
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.