Introduced
by
To revise the law that restricts "perpetuities,” which is a 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
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 37 to 0 (details)
Referred to the Committee on Judiciary
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 109 to 1 (details)
To revise the law that restricts "perpetuities,” which is a 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.
