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2012 Michigan Compiled Laws
Chapter 554 — REAL AND PERSONAL PROPERTY
Act 373 of 1925 — GIFTS, GRANTS, BEQUESTS, AND DEVISES (554.381 - 554.382)
Section 554.381 — Public welfare purposes; validity of gifts and bequests.
Universal Citation:
MI Comp L § 554.381 (2012 through Reg Sess)
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GIFTS, GRANTS, BEQUESTS, AND DEVISES (EXCERPT)
Act 373 of 1925
554.381 Public welfare purposes; validity of gifts and bequests.
Sec. 1.
No statutory or common law rule of this state against perpetuities or restraint of alienation shall hereafter invalidate any gift, grant, devise or bequest, in trust or otherwise, for public welfare purposes.
History: 1925, Act 373, Eff. Aug. 27, 1925 ;-- CL 1929, 13516 ;-- CL 1948, 554.381
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