Section 556.127 - Postponement of vesting of future interests; facts and circumstances to be considered. - Michigan Statutes

POWERS OF APPOINTMENT ACT OF 1967 (EXCERPT)
Act 224 of 1967

556.127 Postponement of vesting of future interests; facts and circumstances to be considered.

Sec. 17.

When the period during which the vesting of a future interest may be postponed must be computed from the time of the creation of a power, with respect to interests sought to be created by an instrument exercising the power, facts and circumstances existing at the effective date of the instrument exercising the power shall be taken into account.

History: 1967, Act 224, Eff. Nov. 2, 1967