There is a newer version of the Michigan Compiled Laws
2010 Michigan Compiled Laws
Chapter 554 - REAL AND PERSONAL PROPERTY
Act 148 of 2008 - PERSONAL PROPERTY TRUST PERPETUITIES ACT (554.91 - 554.94)
PERSONAL PROPERTY TRUST PERPETUITIES ACTAct 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
- 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.
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