2023 House Bill 4864

Probate: trusts; uniform statutory rule against perpetuities; revise to reflect limitation of the personal property trust perpetuities act to certain property.

A bill to amend 1988 PA 418, entitled “Uniform statutory rule against perpetuities,” by amending sections 3 and 5 (MCL 554.73 and 554.75), section 5 as amended by 2011 PA 11.

Official record

Introduced in the House

June 28, 2023

Introduced by Rep. Doug Wozniak (R-59) and six co-sponsors

Co-sponsored by Reps. Jim Haadsma (D-44), Stephanie Young (D-16), Julie Rogers (D-41), Tyrone Carter (D-1), Nate Shannon (D-58) and Kevin Coleman (D-25)

Referred to the Committee on Judiciary

Oct. 25, 2023

Reported without amendment

Feb. 6, 2024

Substitute H-1 offered by Rep. Jim Haadsma (D-44)

The substitute passed by voice vote

Failed in the House 54 to 49 (details)