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32 chapters · 254 sections in this title.
Mich. Comp. Laws § 554.71 Short title.
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Sec. 1. This act shall be known and may be cited as the "uniform statutory rule against perpetuities".
Mich. Comp. Laws § 554.72 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.
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Sec. 2. (1) Subject to section 5, a nonvested property interest is invalid unless 1 or more of the following are applicable to the interest: (a) When the interest is created, it is certain to vest or terminate no later than 21 years after the death of an individual then alive. (b…
Mich. Comp. Laws § 554.73 Nonvested property interest or power of appointment; time of creation.
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Sec. 3. (1) Except as provided in subsections (2), (3), and section 6(1), the time of creation of a nonvested property interest or a power of appointment shall be determined by statutory or common law. (2) For purposes of this act, if there is a person who alone can exercise a po…
Mich. Comp. Laws § 554.74 Reforming disposition; petition.
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Sec. 4. Upon the petition of an interested person, a court shall reform a disposition in the manner that most closely approximates the transferor's manifested plan of distribution that is within the 90 years allowed by section 2(1)(b), (2)(b), or (3)(b) and 1 or more of the follo…