Statutes > Michigan Statutes > Chapter 554 - REAL AND PERSONAL PROPERTY > Act 373 of 1925 - GIFTS, GRANTS, BEQUESTS, AND DEVISES (554.381 - 554.382) > Section 554.381 - Public welfare purposes; validity of gifts and bequests.

Section 554.381 - Public welfare purposes; validity of gifts and bequests.

GIFTS, GRANTS, BEQUESTS, AND DEVISES (EXCERPT)
Act 373 of 1925

554.381 Public welfare purposes; validity of gifts and bequests.

Sec. 1.

No statutory or common law rule of this state against perpetuities or restraint of alienation shall hereafter invalidate any gift, grant, devise or bequest, in trust or otherwise, for public welfare purposes.


History: 1925, Act 373, Eff. Aug. 27, 1925 ;-- CL 1929, 13516 ;-- CL 1948, 554.381