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2018 Michigan Compiled Laws
Chapter 554 - Real and Personal Property
Act 148 of 2008 PERSONAL PROPERTY TRUST PERPETUITIES ACT (554.91 - 554.94)
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
- Section 554.91 Short title.
- Section 554.92 Definitions.
- Section 554.93 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 Applicability of act to certain personal property; scope of trust.
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