HB4864 — Probate: trusts; uniform statutory rule against perpetuities; revise to reflect limitation of the personal property trust perpetuities act to certain property. Amends secs. 3 & 5 of 1988 PA 418 (MCL 554.73 & 554.75).

HB4864 — Probate: trusts; uniform statutory rule against perpetuities; revise to reflect limitation of the personal property trust perpetuities act to certain property. Amends secs. 3 & 5 of 1988 PA 418 (MCL 554.73 & 554.75). · Informed CitizenryThis bill amends the Uniform Statutory Rule Against Perpetuities (1988 PA 418) to modify how the timing of nonvested property interests and powers of appointment is determined. Specifically, it rev…Open in Informed Citizenry