2009 House Bill 5009

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Introduced in the House

May 26, 2009

Introduced by Rep. Tonya Schuitmaker (R-80)

To revise the <a href="http://www.michiganvotes.org/2008-HB-5909">2008 law</a> that exempted personal property held in certain trusts from the law against "perpetuities,” which is a legal doctrine intended to prevent assets from being tied-up in long-term family or "dynasty" trusts. The bill would exclude “special appointee trusts” from the scope of that exemption law.

Referred to the Committee on Judiciary

Oct. 21, 2009

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Dec. 16, 2009

Passed in the House 105 to 0 (details)

Received in the Senate

Dec. 17, 2009

Referred to the Committee on Judiciary