Michigan Compiled Laws § 554.62 Specified Contingency; Termination Right; Limitation Period.

554.62 Specified contingency; termination right; limitation period.

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.

History: 1968, Act 13, Imd. Eff. Mar. 29, 1968

Section: 554.61  554.62  554.63  554.64  554.65    Next

Last modified: October 10, 2016