Sec. 2. If the specified contingency does not occur within 30 years after the terminable interest is created, the right of termination by reason of the specified contingency shall be unenforceable.
Mich. Comp. Laws § 554.62
Specified contingency; termination right; limitation period
Applied in 1 court decision — 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
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.