Michigan § 554.93 - Interests in personal property held in trust; application of rules.
Full text of Michigan Michigan Compiled Laws § 554.93 — Interests in personal property held in trust; application of rules., with citation guidance and answers to common questions.
§ 554.93. Interests in personal property held in trust; application of rules.
(1) Except as provided in section 2, an interest in, or power of appointment over, personal property held in trust is not invalidated by a rule against any of the following:
(a) Perpetuities.
(b) Suspension of absolute ownership.
(c) Suspension of the power of alienation.
(d) Accumulations of income.
(2) Except as provided in section 2, all of the following may be indefinitely suspended, postponed, or allowed to go on with respect to personal property held in trust:
(a) The vesting of a future interest.
(b) The satisfaction of a condition precedent to the exercise of a general power of appointment.
(c) The exercise of a nongeneral or testamentary power of appointment.
(d) Absolute ownership.
(e) The power of alienation.
(f) Accumulations of income.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 554.93
What does Michigan Compiled Laws § 554.93 cover?
Section 554.93 ("Interests in personal property held in trust; application of rules.") 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 § 554.93?
A common citation format is "Michigan Compiled Laws § 554.93" (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 § 554.93 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.