Michigan § 554.61 - Terminable interest, specified contingency; definitions.
Full text of Michigan Michigan Compiled Laws § 554.61 — Terminable interest, specified contingency; definitions., with citation guidance and answers to common questions.
§ 554.61. Terminable interest, specified contingency; definitions.
As used in this act:
"Terminable interest" is a possessory or ownership interest in real property which is subject to termination by a provision in a conveyance or other instrument which either creates a right of reversion to a grantor or his heirs, successors or assigns or creates a right of entry on the occurrence of a specified contingency.
"Specified contingency" is the event described in a conveyance or other instrument creating a terminable interest, the occurrence of which requires or permits the divesting of the terminable interest.
Frequently Asked Questions About Michigan § 554.61
What does Michigan Compiled Laws § 554.61 cover?
Section 554.61 ("Terminable interest, specified contingency; definitions.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 554.61?
A common citation format is "Michigan Compiled Laws § 554.61" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 554.61 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.