Sec. 3. This act applies only to nonvested property interests created after September 23, 1949. Unless as otherwise provided by statute, this act shall not apply to nonvested property interests created on or after the effective date of the uniform statutory rule against perpetuities.
Mich. Comp. Laws § 554.53
Applicability of act to nonvested property interests
Applied in 1 court decision — leading case 228 Mich. App. 478 - Hubscher & Son, Inc v. Storey (1998)
Most recently applied in 228 Mich. App. 478 - Hubscher & Son, Inc v. Storey (June 1998)
1949, Act 38, Eff
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.