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2006 Michigan Compiled Laws - Act 418 of 1988


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:

DocumentDescription
Section 554.71Short title.
Section 554.72Nonvested property interest, general power of appointment, nongeneral power of appointment, or general testamentary power of appointment; validity.
Section 554.73Nonvested property interest or power of appointment; time of creation.
Section 554.74Reforming disposition; petition.
Section 554.75Applicability of § 554.72.
Section 554.76Nonvested property interest or power of appointment to which act applicable; violation of rule against perpetuities; reforming disposition.
Section 554.77Application and construction of act.
Section 554.78Conditional effective date.

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