A bill to amend 1988 PA 418, entitled “Uniform statutory rule against perpetuities,” by amending sections 3 and 5 (MCL 554.73 and 554.75), section 5 as amended by 2011 PA 11.
House Bills 4033 and 4034 amend the "Uniform Statutory Rule Against Perpetuities" to extend the period for determining certain property interests from 90 to 360 years and clarifies exceptions to the rule.
Co-sponsored by Reps.
Referred to the Committee on Judiciary