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
Structure Michigan Compiled Laws
Chapter 554 - Real and Personal Property
Act 13 of 1968 - Possibilities of Reverter and Rights of Entry (554.61 - 554.65)
Section 554.61 - Terminable Interest, Specified Contingency; Definitions.
Section 554.62 - Specified Contingency; Termination Right; Limitation Period.
Section 554.63 - Existing Termination Rights Limitation.
Section 554.64 - Exemptions to Act.
Section 554.65 - Right of Termination; Preservation; Notice, Recording.