2009 House Bill 5010

Revise rule against "perpetuities”

Introduced in the House

May 26, 2009

Introduced by Rep. Mark Meadows (D-69)

To revise the law that against "perpetuities,” which is the legal doctrine intended to prevent assets from being tied-up in long-term family or "dynasty" trusts, so as to reference the <a href="http://www.michiganvotes.org/2008-HB-5909">2008 law</a> exempting certain personal property from the ban.

Referred to the Committee on Judiciary

Oct. 21, 2009

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Dec. 16, 2009

Passed in the House 105 to 0 (details)

Received in the Senate

Dec. 17, 2009

Referred to the Committee on Judiciary