Introduced by Rep. Tonya Schuitmaker (R) on November 30, 2006, to limit the law against "perpetuities” so that it applies only to real property. "Perpetuities" is a legal doctrine intended to prevent assets from being tied up in long-term or even perpetual family trusts.
Referred to the House Judiciary Committee on November 30, 2006.
Reported in the House on December 6, 2006, without amendment and with the recommendation that the bill pass.
1) 2006 House Bill 6693 (Limit “perpetuities” law to real property ) by admin on January 1, 2001 Introduced in the House on November 30, 2006, to limit the law against "perpetuities” so that it applies only to real property. "Perpetuities" is a legal doctrine intended to prevent assets from being tied up in long-term or even perpetual family trusts
The vote was 99 in favor, 8 opposed and 3 not voting