Michigan Compiled Laws R-s-1846-554-1-62 Chapter 62 Chapter 62. Of The Nature And Qualities Of Estates In Real And Personal Property, And The Alienation Thereof. (554.1...554.46)

• Section 554.1 Estates In Lands; Kinds As Respects Length Of Enjoyment.
  Estates in lands are divided into estates of inheritance, estates for life, estates for years, and estates at will and by sufferance. History: R.S....
• Section 554.2 Estate Of Inheritance; Fee Simple.
  Every estate of inheritance shall continue to be termed a fee simple, or fee; and every such estate, when not defeasible or conditional, shall...
• Section 554.3 Estate Of Inheritance; Fee Tail; Abolition, Declaration As Fee Simple.
  All estates tail are abolished, and every estate which would be adjudged a fee tail, according to the law of the territory of Michigan,...
• Section 554.4 Estate Of Inheritance; Remainder In Fee After A Fee Tail; Validity.
  When a remainder in fee shall be limited upon any estate which would be adjudged a fee tail according to the law of the...
• Section 554.5 Freehold Estates; Chattels Real; Chattel Interests.
  Estates of inheritance and for life shall be denominated estates of freehold; estates for years shall be denominated chattels real; and estates at will...
• Section 554.6 Estate For Life Of Another; Nature.
  An estate for the life of a third person, whether limited to heirs or otherwise, shall be deemed a freehold only during the life...
• Section 554.7 Estates In Land; Kinds As Respects Time Of Enjoyment.
  Estates, as respects the time of their enjoyment, are divided into estates in possession, and estates in expectancy. History: R.S. 1846, Ch. 62 ;--...
• Section 554.8 Estates In Possession And In Expectancy; Definition.
  An estate in possession, is where the owner has an immediate right to the possession of the land; an estate in expectancy is where...
• Section 554.9 Estates In Expectancy; Classifications.
  Estates in expectancy are divided into, First. Estates commencing at a future day, denominated future estates; and, Second. Reversions. History: R.S. 1846, Ch. 62...
• Section 554.10 Future Estate; Definition.
  A future estate is an estate limited to commence in possession at a future day, either without the intervention of a precedent estate, or...
• Section 554.11 Future Estate; Remainder.
  When a future estate is dependent upon a precedent estate, it may be termed a remainder, and may be created and transferred by that...
• Section 554.12 Reversion; Definition.
  A reversion is the residue of an estate left in the grantor or his heirs, or in the heirs of a testator, commencing in...
• Section 554.13 Future Estates; Classifications, Definitions.
  Future estates are either vested or contingent: They are vested when there is a person in being who would have an immediate right to...
• Section 554.14-554.20 Repealed. 1949, Act 38, Eff. Sept. 23, 1949.
  Compiler's Notes: The repealed sections pertained to suspension of power of alienation; contingent remainder in fee on prior remainder in fee; successive life estates; remainders...
• Section 554.21 Repealed. 1988, Act 417, Imd. Eff. Dec. 27, 1988.
  Compiler's Notes: The repealed section pertained to life estates.
• Section 554.22 Heirs And Issue; Construction As Used In Remainders.
  When a remainder shall be limited to take effect on the death of any person without heirs, or heirs of his body, or without...
• Section 554.23 Repealed. 1949, Act 38, Eff. Sept. 23, 1949.
  Compiler's Notes: The repealed section pertained to limitations of chattels real.
• Section 554.24 Estates To Commence In Future; Estates In Term For Years.
  Subject to the rules established in the preceding sections of this chapter, a freehold estate, as well as a chattel real, may be created...
• Section 554.25 Alternative Future Estates.
  Two or more future estates may also be created to take effect in the alternative, so that if the first in order should fail...
• Section 554.26 Future Estates; Validity As Affected By Probability Of Contingency.
  No future estate, otherwise valid, shall be void on the ground of the probability or improbability of the contingency on which it is limited...
• Section 554.27 Remainder On Contingency Defeating Prior Estate; Construction.
  A remainder may be limited on a contingency, which, in case it should happen, will operate to abridge or determine the precedent estate; and...
• Section 554.28 Rule In Shelly's Case; Abolition.
  When a remainder shall be limited to the heir, or heirs of the body of a person to whom a life estate in the...
• Section 554.29 Remainder Not Contingency Defeating Prior Estate; Construction.
  When a remainder on an estate for life, or for years, shall not be limited on a contingency, defeating or avoiding such precedent estate,...
• Section 554.30 Posthumous Child; Right To Take Estate.
  When a future estate shall be limited to heirs, or issue, or children, posthumous children shall be entitled to take, in the same manner...
• Section 554.31 Posthumous Child; Effect Of Birth On Certain Future Estates.
  A future estate depending on the contingency of the death of any person without heirs or issue, or children, shall be defeated by the...
• Section 554.32 Expectant Estates; Effect Of Alienation Or Destruction Of Precedent Estate.
  No expectant estate can be defeated or barred by any alienation or other act of the owner of the intermediate or precedent estate, nor...
• Section 554.33 Expectant Estates; Authorized Method Of Defeasance, Effect On Original Validity.
  The last preceding section shall not be construed to prevent an expectant estate from being defeated in any manner, or by any act or...
• Section 554.34 Contingent Remainder; Effect Of Premature Determination Of Precedent Estate.
  No remainder, valid in its creation, shall be defeated by the determination of the precedent estate, before the happening of the contingency on which...
• Section 554.35 Expectant Estates; Qualities.
  Expectant estates are descendible, devisable and alienable, in the same manner as estates in possession. History: R.S. 1846, Ch. 62 ;-- CL 1857, 2619...
• Section 554.36 Rents And Profits To Accrue; Disposition.
  Dispositions of the rents and profits of lands, to accrue and be received at any time subsequent to the execution of the instrument creating...
• Section 554.37, 554.38 Repealed. 1952, Act 6, Eff. Sept. 18, 1952.
  Compiler's Notes: The repealed sections pertained to valid and invalid accumulations of rents and profits of real estate.
• Section 554.39, 554.40 Repealed. 1952, Act 7, Eff. Sept. 18, 1952.
  Compiler's Notes: The repealed sections pertained to accumulation of rents and profits of real estate for benefit of infants entitled to expectant estate and of...
• Section 554.41 Expectant Estates; Time Of Creation.
  The delivery of the grant, where an expectant estate is created by grant; and where it is created by devise, the death of the...
• Section 554.42 Expectant Estates; Abolition, Exceptions.
  All expectant estates, except such as are enumerated and defined in this chapter, are abolished. History: R.S. 1846, Ch. 62 ;-- CL 1857, 2626...
• Section 554.43 Estates; Kinds In Respect To Number And Connection Of Owners; Nature.
  Estates, in respect to the number and connection of their owners, are divided into estates in severalty, in joint tenancy, and in common; the...
• Section 554.44 Land Conveyance To Two Or More Persons; Estate Created.
  All grants and devises of lands, made to 2 or more persons, except as provided in the following section, shall be construed to create...
• Section 554.45 Land Conveyance; Exceptions To Preceding Section.
  The preceding section shall not apply to mortgages, nor to devises or grants made in trust, or made to executors, or to husband and...
• Section 554.46 Land Conveyance; Nominal Conditions; Effect Of Failure To Perform.
  When any conditions annexed to a grant or conveyance of lands are merely nominal and evince no intention of actual and substantial benefit to...

Last modified: October 10, 2016