Sec. 4. This act does not apply: (a) To a lease for a term of years. (b) If the specified contingency must occur, if at all, within the period of the rule against perpetuities. (c) If the terminable interest is held for public, educational, religious or charitable purposes. (d) If the terminable interest is created in a conveyance from the United States of America, the state or any agency or political subdivision of either of them.
Mich. Comp. Laws § 554.64
Exemptions to act
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.