Sec. 1. As used in this act: (a) "Terminable interest" is a possessory or ownership interest in real property which is subject to termination by a provision in a conveyance or other instrument which either creates a right of reversion to a grantor or his heirs, successors or assigns or creates a right of entry on the occurrence of a specified contingency. (b) "Specified contingency" is the event described in a conveyance or other instrument creating a terminable interest, the occurrence of which requires or permits the divesting of the terminable interest.
Mich. Comp. Laws § 554.61
Terminable interest, specified contingency; definitions
Applied in 4 court decisions — leading case 244 Mich. App. 569 - Ditmore v. Michalik (2001)
Most recently applied in 244 Mich. App. 569 - Ditmore v. Michalik (April 2001)
1968, Act 13, Imd
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.