Sec. 8. An estate in possession, is where the owner has an immediate right to the possession of the land; an estate in expectancy is where the right to the possession is postponed to a future period.
Mich. Comp. Laws § 554.8
Estates in possession and in expectancy; definition
Applied in 3 court decisions — leading case 270 Mich. App. 86 - Wengel v. Wengel (2006)
Most recently applied in 270 Mich. App. 86 - Wengel v. Wengel (May 2006)
R.S. 1846, Ch. 62; CL 1857, 2592; CL 1871, 4075; How. 5524; CL 1897, 8790; CL 1915, 11526; CL 1929, 12928; CL 1948, 554.8
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.