Sec. 3. A right of termination under a terminable interest which was created prior to the effective date of this act is unenforceable if the specified contingency does not occur within 30 years after the terminable interest was created or within 1 year after the effective date of this act, whichever is later.
Mich. Comp. Laws § 554.63
Existing termination rights limitation
Applied in 1 court decision — leading case 188 Mich. App. 25 - Ludington & Northern Railway v. Epworth Assembly (1991)
Most recently applied in 188 Mich. App. 25 - Ludington & Northern Railway v. Epworth Assembly (March 1991)
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.