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. Official Text and Analysis.
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.