reglab/housing_qa huggingface dataset:
MI Comp L § 554.21 (2021)
2021 Michigan Compiled Laws|Chapter 554 - Real and Personal Property|R.S. of 1846 - Revised Statutes of 1846 (554.1 - 554.46)|R-S-1846-554-1-62 - Chapter 62 Chapter 62. of the Nature and Qualities of Estates in Real and Personal Property, and the Alienation Thereof. (554.1...554.46)|Section 554.21 - Repealed. 1988, Act 417, Imd. Eff. Dec. 27, 1988.

554.21 Repealed. 1988, Act 417, Imd. Eff. Dec. 27, 1988. Compiler's Notes: The repealed section pertained to life estates.
MI Comp L § 554.22 (2021)
2021 Michigan Compiled Laws|Chapter 554 - Real and Personal Property|R.S. of 1846 - Revised Statutes of 1846 (554.1 - 554.46)|R-S-1846-554-1-62 - Chapter 62 Chapter 62. of the Nature and Qualities of Estates in Real and Personal Property, and the Alienation Thereof. (554.1...554.46)|Section 554.22 - Heirs and Issue; Construction as Used in Remainders.

554.22 Heirs and issue; construction as used in remainders. Sec. 22.  When a remainder shall be limited to take effect on the death of any person without heirs, or heirs of his body, or without issue, the words "heirs" or "issues" shall be construed to mean heirs or issue living at the death of the person named as ancestor. History: R.S. 1846, Ch. 62 ;-- CL 1857, 2606 ;-- CL 1871, 4089 ;-- How. 5538 ;-- CL 1897, 8804 ;-- CL 1915, 11540 ;-- CL 1929, 12942 ;-- CL 1948, 554.22
MI Comp L § 554.23 (2021)
2021 Michigan Compiled Laws|Chapter 554 - Real and Personal Property|R.S. of 1846 - Revised Statutes of 1846 (554.1 - 554.46)|R-S-1846-554-1-62 - Chapter 62 Chapter 62. of the Nature and Qualities of Estates in Real and Personal Property, and the Alienation Thereof. (554.1...554.46)|Section 554.23 - Repealed. 1949, Act 38, Eff. Sept. 23, 1949.

554.23 Repealed. 1949, Act 38, Eff. Sept. 23, 1949. Compiler's Notes: The repealed section pertained to limitations of chattels real.
MI Comp L § 554.24 (2021)
2021 Michigan Compiled Laws|Chapter 554 - Real and Personal Property|R.S. of 1846 - Revised Statutes of 1846 (554.1 - 554.46)|R-S-1846-554-1-62 - Chapter 62 Chapter 62. of the Nature and Qualities of Estates in Real and Personal Property, and the Alienation Thereof. (554.1...554.46)|Section 554.24 - Estates to Commence in Future; Estates in Term for Years.

554.24 Estates to commence in future; estates in term for years. Sec. 24.  Subject to the rules established in the preceding sections of this chapter, a freehold estate, as well as a chattel real, may be created to commence at a future day, an estate for life may be created in a term of years, and a remainder limited thereon. History: R.S. 1846, Ch. 62 ;-- CL 1857, 2608 ;-- CL 1871, 4091 ;-- How. 5540 ;-- CL 1897, 8806 ;-- CL 1915, 11542 ;-- CL 1929, 12944 ;-- CL 1948, 554.24
MI Comp L § 554.25 (2021)
2021 Michigan Compiled Laws|Chapter 554 - Real and Personal Property|R.S. of 1846 - Revised Statutes of 1846 (554.1 - 554.46)|R-S-1846-554-1-62 - Chapter 62 Chapter 62. of the Nature and Qualities of Estates in Real and Personal Property, and the Alienation Thereof. (554.1...554.46)|Section 554.25 - Alternative Future Estates.

554.25 Alternative future estates. Sec. 25.  Two or more future estates may also be created to take effect in the alternative, so that if the first in order should fail to vest, the next in succession shall be substituted for it, and take effect accordingly. History: R.S. 1846, Ch. 62 ;-- CL 1857, 2609 ;-- CL 1871, 4092 ;-- How. 5541 ;-- CL 1897, 8807 ;-- CL 1915, 11543 ;-- CL 1929, 12945 ;-- CL 1948, 554.25
MI Comp L § 554.26 (2021)
2021 Michigan Compiled Laws|Chapter 554 - Real and Personal Property|R.S. of 1846 - Revised Statutes of 1846 (554.1 - 554.46)|R-S-1846-554-1-62 - Chapter 62 Chapter 62. of the Nature and Qualities of Estates in Real and Personal Property, and the Alienation Thereof. (554.1...554.46)|Section 554.26 - Future Estates; Validity as Affected by Probability of Contingency.

554.26 Future estates; validity as affected by probability of contingency. Sec. 26.  No future estate, otherwise valid, shall be void on the ground of the probability or improbability of the contingency on which it is limited to take effect. History: R.S. 1846, Ch. 62 ;-- CL 1857, 2610 ;-- CL 1871, 4093 ;-- How. 5542 ;-- CL 1897, 8808 ;-- CL 1915, 11544 ;-- CL 1929, 12946 ;-- CL 1948, 554.26
MI Comp L § 554.27 (2021)
2021 Michigan Compiled Laws|Chapter 554 - Real and Personal Property|R.S. of 1846 - Revised Statutes of 1846 (554.1 - 554.46)|R-S-1846-554-1-62 - Chapter 62 Chapter 62. of the Nature and Qualities of Estates in Real and Personal Property, and the Alienation Thereof. (554.1...554.46)|Section 554.27 - Remainder on Contingency Defeating Prior Estate; Construction.

554.27 Remainder on contingency defeating prior estate; construction. Sec. 27.  A remainder may be limited on a contingency, which, in case it should happen, will operate to abridge or determine the precedent estate; and every such remainder shall be construed a conditional limitation, and shall have the same effect as such a limitation would have by law. History: R.S. 1846, Ch. 62 ;-- CL 1857, 2611 ;-- CL 1871, 4094 ;-- How. 5543 ;-- CL 1897, 8809 ;-- CL 1915, 11545 ;-- CL 1929, 12947 ;-- CL 1948, 554.27
MI Comp L § 554.28 (2021)
2021 Michigan Compiled Laws|Chapter 554 - Real and Personal Property|R.S. of 1846 - Revised Statutes of 1846 (554.1 - 554.46)|R-S-1846-554-1-62 - Chapter 62 Chapter 62. of the Nature and Qualities of Estates in Real and Personal Property, and the Alienation Thereof. (554.1...554.46)|Section 554.28 - Rule in Shelly's Case; Abolition.

554.28 Rule in Shelly's Case; abolition. Sec. 28.  When a remainder shall be limited to the heir, or heirs of the body of a person to whom a life estate in the same premises shall be given, the persons who, on the termination of the life estate, shall be the heir, or heirs of the body of such tenant for life, shall be entitled to take as purchasers, by virtue of the remainder so limited to them. History: R.S. 1846, Ch. 62 ;-- CL 1857, 2612 ;-- CL 1871, 4095 ;-- How. 5544 ;-- CL 1897, 8810 ;-- CL 1915, 11546 ;-- CL 1929, 12948 ;-- CL 1948, 554.28
MI Comp L § 554.29 (2021)
2021 Michigan Compiled Laws|Chapter 554 - Real and Personal Property|R.S. of 1846 - Revised Statutes of 1846 (554.1 - 554.46)|R-S-1846-554-1-62 - Chapter 62 Chapter 62. of the Nature and Qualities of Estates in Real and Personal Property, and the Alienation Thereof. (554.1...554.46)|Section 554.29 - Remainder Not Contingency Defeating Prior Estate; Construction.

554.29 Remainder not contingency defeating prior estate; construction. Sec. 29.  When a remainder on an estate for life, or for years, shall not be limited on a contingency, defeating or avoiding such precedent estate, it shall be construed as intended to take effect only on the death of the first taker, or the expiration, by lapse of time, of such term of years. History: R.S. 1846, Ch. 62 ;-- CL 1857, 2613 ;-- CL 1871, 4096 ;-- How. 5545 ;-- CL 1897, 8811 ;-- CL 1915, 11547 ;-- CL 1929, 12949 ;-- CL 1948, 554.29
MI Comp L § 554.30 (2021)
2021 Michigan Compiled Laws|Chapter 554 - Real and Personal Property|R.S. of 1846 - Revised Statutes of 1846 (554.1 - 554.46)|R-S-1846-554-1-62 - Chapter 62 Chapter 62. of the Nature and Qualities of Estates in Real and Personal Property, and the Alienation Thereof. (554.1...554.46)|Section 554.30 - Posthumous Child; Right to Take Estate.

554.30 Posthumous child; right to take estate. Sec. 30.  When a future estate shall be limited to heirs, or issue, or children, posthumous children shall be entitled to take, in the same manner as if born before the death of their parents. History: R.S. 1846, Ch. 62 ;-- CL 1857, 2614 ;-- CL 1871, 4097 ;-- How. 5546 ;-- CL 1897, 8812 ;-- CL 1915, 11548 ;-- CL 1929, 12950 ;-- CL 1948, 554.30
MI Comp L § 554.31 (2021)
2021 Michigan Compiled Laws|Chapter 554 - Real and Personal Property|R.S. of 1846 - Revised Statutes of 1846 (554.1 - 554.46)|R-S-1846-554-1-62 - Chapter 62 Chapter 62. of the Nature and Qualities of Estates in Real and Personal Property, and the Alienation Thereof. (554.1...554.46)|Section 554.31 - Posthumous Child; Effect of Birth on Certain Future Estates.

554.31 Posthumous child; effect of birth on certain future estates. Sec. 31.  A future estate depending on the contingency of the death of any person without heirs or issue, or children, shall be defeated by the birth of a posthumous child of such person, capable of taking by descent. History: R.S. 1846, Ch. 62 ;-- CL 1857, 2615 ;-- CL 1871, 4098 ;-- How. 5547 ;-- CL 1897, 8813 ;-- CL 1915, 11549 ;-- CL 1929, 12951 ;-- CL 1948, 554.31
MI Comp L § 554.32 (2021)
2021 Michigan Compiled Laws|Chapter 554 - Real and Personal Property|R.S. of 1846 - Revised Statutes of 1846 (554.1 - 554.46)|R-S-1846-554-1-62 - Chapter 62 Chapter 62. of the Nature and Qualities of Estates in Real and Personal Property, and the Alienation Thereof. (554.1...554.46)|Section 554.32 - Expectant Estates; Effect of Alienation or Destruction of Precedent Estate.

554.32 Expectant estates; effect of alienation or destruction of precedent estate. Sec. 32.  No expectant estate can be defeated or barred by any alienation or other act of the owner of the intermediate or precedent estate, nor by any destruction of such precedent estate by disseizin, forfeiture, surrender, merger, or otherwise. History: R.S. 1846, Ch. 62 ;-- CL 1857, 2616 ;-- CL 1871, 4099 ;-- How. 5548 ;-- CL 1897, 8814 ;-- CL 1915, 11550 ;-- CL 1929, 12952 ;-- CL 1948, 554.32
MI Comp L § 554.33 (2021)
2021 Michigan Compiled Laws|Chapter 554 - Real and Personal Property|R.S. of 1846 - Revised Statutes of 1846 (554.1 - 554.46)|R-S-1846-554-1-62 - Chapter 62 Chapter 62. of the Nature and Qualities of Estates in Real and Personal Property, and the Alienation Thereof. (554.1...554.46)|Section 554.33 - Expectant Estates; Authorized Method of Defeasance, Effect on Original Validity.

554.33 Expectant estates; authorized method of defeasance, effect on original validity. Sec. 33.  The last preceding section shall not be construed to prevent an expectant estate from being defeated in any manner, or by any act or means which the party creating such estate shall, in the creation thereof, have provided or authorized; nor shall an expectant estate thus liable to be defeated, be on that ground adjudged void in its creation. History: R.S. 1846, Ch. 62 ;-- CL 1857, 2617 ;-- CL 1871, 4100 ;-- How. 5549 ;-- CL 1897, 8815 ;-- CL 1915, 11551 ;-- CL 1929, 12953 ;-- CL 1948, 554.33
MI Comp L § 554.34 (2021)
2021 Michigan Compiled Laws|Chapter 554 - Real and Personal Property|R.S. of 1846 - Revised Statutes of 1846 (554.1 - 554.46)|R-S-1846-554-1-62 - Chapter 62 Chapter 62. of the Nature and Qualities of Estates in Real and Personal Property, and the Alienation Thereof. (554.1...554.46)|Section 554.34 - Contingent Remainder; Effect of Premature Determination of Precedent Estate.

554.34 Contingent remainder; effect of premature determination of precedent estate. Sec. 34.  No remainder, valid in its creation, shall be defeated by the determination of the precedent estate, before the happening of the contingency on which the remainder is limited to take effect; but should such contingency afterwards happen, the remainder shall take effect in the same manner, and to the same extent, as if the precedent estate had continued to the same period. History: R.S. 1846, Ch. 62 ;-- CL 1857, 2618 ;-- CL 1871, 4101 ;-- How. 5550 ;-- CL 1897, 8816 ;-- CL 1915, 11552 ;-- CL 1929, 12954 ;-- CL 1948, 554.34
MI Comp L § 554.35 (2021)
2021 Michigan Compiled Laws|Chapter 554 - Real and Personal Property|R.S. of 1846 - Revised Statutes of 1846 (554.1 - 554.46)|R-S-1846-554-1-62 - Chapter 62 Chapter 62. of the Nature and Qualities of Estates in Real and Personal Property, and the Alienation Thereof. (554.1...554.46)|Section 554.35 - Expectant Estates; Qualities.

554.35 Expectant estates; qualities. Sec. 35.  Expectant estates are descendible, devisable and alienable, in the same manner as estates in possession. History: R.S. 1846, Ch. 62 ;-- CL 1857, 2619 ;-- CL 1871, 4102 ;-- How. 5551 ;-- CL 1897, 8817 ;-- CL 1915, 11553 ;-- CL 1929, 12955 ;-- CL 1948, 554.35
MI Comp L § 554.36 (2021)
2021 Michigan Compiled Laws|Chapter 554 - Real and Personal Property|R.S. of 1846 - Revised Statutes of 1846 (554.1 - 554.46)|R-S-1846-554-1-62 - Chapter 62 Chapter 62. of the Nature and Qualities of Estates in Real and Personal Property, and the Alienation Thereof. (554.1...554.46)|Section 554.36 - Rents and Profits to Accrue; Disposition.

554.36 Rents and profits to accrue; disposition. Sec. 36.  Dispositions of the rents and profits of lands, to accrue and be received at any time subsequent to the execution of the instrument creating such disposition, shall be governed by the rules established in this chapter in relation to future estates in lands. History: R.S. 1846, Ch. 62 ;-- CL 1857, 2620 ;-- CL 1871, 4103 ;-- How. 5552 ;-- CL 1897, 8818 ;-- CL 1915, 11554 ;-- CL 1929, 12956 ;-- CL 1948, 554.36
MI Comp L § 554.37, 554.38 (2021)
2021 Michigan Compiled Laws|Chapter 554 - Real and Personal Property|R.S. of 1846 - Revised Statutes of 1846 (554.1 - 554.46)|R-S-1846-554-1-62 - Chapter 62 Chapter 62. of the Nature and Qualities of Estates in Real and Personal Property, and the Alienation Thereof. (554.1...554.46)|Section 554.37, 554.38 - Repealed. 1952, Act 6, Eff. Sept. 18, 1952.

554.37, 554.38 Repealed. 1952, Act 6, Eff. Sept. 18, 1952. Compiler's Notes: The repealed sections pertained to valid and invalid accumulations of rents and profits of real estate.
MI Comp L § 554.39, 554.40 (2021)
2021 Michigan Compiled Laws|Chapter 554 - Real and Personal Property|R.S. of 1846 - Revised Statutes of 1846 (554.1 - 554.46)|R-S-1846-554-1-62 - Chapter 62 Chapter 62. of the Nature and Qualities of Estates in Real and Personal Property, and the Alienation Thereof. (554.1...554.46)|Section 554.39, 554.40 - Repealed. 1952, Act 7, Eff. Sept. 18, 1952.

554.39, 554.40 Repealed. 1952, Act 7, Eff. Sept. 18, 1952. Compiler's Notes: The repealed sections pertained to accumulation of rents and profits of real estate for benefit of infants entitled to expectant estate and of person entitled in absence of disposition of rents and profits of real estate.
MI Comp L § 554.41 (2021)
2021 Michigan Compiled Laws|Chapter 554 - Real and Personal Property|R.S. of 1846 - Revised Statutes of 1846 (554.1 - 554.46)|R-S-1846-554-1-62 - Chapter 62 Chapter 62. of the Nature and Qualities of Estates in Real and Personal Property, and the Alienation Thereof. (554.1...554.46)|Section 554.41 - Expectant Estates; Time of Creation.

554.41 Expectant estates; time of creation. Sec. 41.  The delivery of the grant, where an expectant estate is created by grant; and where it is created by devise, the death of the testator, shall be deemed the time of the creation of the estate. History: R.S. 1846, Ch. 62 ;-- CL 1857, 2625 ;-- CL 1871, 4108 ;-- How. 5557 ;-- CL 1897, 8823 ;-- CL 1915, 11559 ;-- CL 1929, 12961 ;-- CL 1948, 554.41
MI Comp L § 554.42 (2021)
2021 Michigan Compiled Laws|Chapter 554 - Real and Personal Property|R.S. of 1846 - Revised Statutes of 1846 (554.1 - 554.46)|R-S-1846-554-1-62 - Chapter 62 Chapter 62. of the Nature and Qualities of Estates in Real and Personal Property, and the Alienation Thereof. (554.1...554.46)|Section 554.42 - Expectant Estates; Abolition, Exceptions.

554.42 Expectant estates; abolition, exceptions. Sec. 42.  All expectant estates, except such as are enumerated and defined in this chapter, are abolished. History: R.S. 1846, Ch. 62 ;-- CL 1857, 2626 ;-- CL 1871, 4109 ;-- How. 5558 ;-- CL 1897, 8824 ;-- CL 1915, 11560 ;-- CL 1929, 12962 ;-- CL 1948, 554.42
MI Comp L § 554.43 (2021)
2021 Michigan Compiled Laws|Chapter 554 - Real and Personal Property|R.S. of 1846 - Revised Statutes of 1846 (554.1 - 554.46)|R-S-1846-554-1-62 - Chapter 62 Chapter 62. of the Nature and Qualities of Estates in Real and Personal Property, and the Alienation Thereof. (554.1...554.46)|Section 554.43 - Estates; Kinds in Respect to Number and Connection of Owners; Nature.

554.43 Estates; kinds in respect to number and connection of owners; nature. Sec. 43.  Estates, in respect to the number and connection of their owners, are divided into estates in severalty, in joint tenancy, and in common; the nature and properties of which respectively, shall continue to be such as are now established by law, except so far as the same may be modified by the provisions of this chapter. History: R.S. 1846, Ch. 62 ;-- CL 1857, 2627 ;-- CL 1871, 4110 ;-- How. 5559 ;-- CL 1897, 8825 ;-- CL 1915, 11561 ;-- CL 1929, 12963 ;-- CL 1948, 554.43
MI Comp L § 554.44 (2021)
2021 Michigan Compiled Laws|Chapter 554 - Real and Personal Property|R.S. of 1846 - Revised Statutes of 1846 (554.1 - 554.46)|R-S-1846-554-1-62 - Chapter 62 Chapter 62. of the Nature and Qualities of Estates in Real and Personal Property, and the Alienation Thereof. (554.1...554.46)|Section 554.44 - Land Conveyance to Two or More Persons; Estate Created.

554.44 Land conveyance to two or more persons; estate created. Sec. 44.  All grants and devises of lands, made to 2 or more persons, except as provided in the following section, shall be construed to create estates in common, and not in joint tenancy, unless expressly declared to be in joint tenancy. History: R.S. 1846, Ch. 62 ;-- CL 1857, 2628 ;-- CL 1871, 4111 ;-- How. 5560 ;-- CL 1897, 8826 ;-- CL 1915, 11562 ;-- CL 1929, 12964 ;-- CL 1948, 554.44
MI Comp L § 554.45 (2021)
2021 Michigan Compiled Laws|Chapter 554 - Real and Personal Property|R.S. of 1846 - Revised Statutes of 1846 (554.1 - 554.46)|R-S-1846-554-1-62 - Chapter 62 Chapter 62. of the Nature and Qualities of Estates in Real and Personal Property, and the Alienation Thereof. (554.1...554.46)|Section 554.45 - Land Conveyance; Exceptions to Preceding Section.

554.45 Land conveyance; exceptions to preceding section. Sec. 45.  The preceding section shall not apply to mortgages, nor to devises or grants made in trust, or made to executors, or to husband and wife. History: R.S. 1846, Ch. 62 ;-- CL 1857, 2629 ;-- CL 1871, 4112 ;-- How. 5561 ;-- CL 1897, 8827 ;-- CL 1915, 11563 ;-- CL 1929, 12965 ;-- CL 1948, 554.45
MI Comp L § 554.46 (2021)
2021 Michigan Compiled Laws|Chapter 554 - Real and Personal Property|R.S. of 1846 - Revised Statutes of 1846 (554.1 - 554.46)|R-S-1846-554-1-62 - Chapter 62 Chapter 62. of the Nature and Qualities of Estates in Real and Personal Property, and the Alienation Thereof. (554.1...554.46)|Section 554.46 - Land Conveyance; Nominal Conditions; Effect of Failure to Perform.

554.46 Land conveyance; nominal conditions; effect of failure to perform. Sec. 46.  When any conditions annexed to a grant or conveyance of lands are merely nominal and evince no intention of actual and substantial benefit to the party to whom or in whose favor they are to be performed, they may be wholly disregarded, and a failure to perform the same shall in no case operate as a forfeiture of the lands conveyed subject thereto. History: R.S. 1846, Ch. 62 ;-- CL 1857, 2630 ;-- CL 1871, 4113 ;-- How. 5562 ;-- CL 1897, 8828 ;-- CL 1915, 11564 ;-- CL 1929, 12966 ;-- CL 1948, 554.46
MI Comp L § 555.501 (2021)
2021 Michigan Compiled Laws|Chapter 555 - Uses and Trusts|Act 159 of 2004 - Uniform Principal and Income Act (555.501 - 555.1006)|Article 1 - (555.501...555.505)|Section 555.501 - Short Title.

555.501 Short title. Sec. 101.  This act shall be known and may be cited as the “uniform principal and income act”. History: 2004, Act 159, Eff. Sept. 1, 2004
MI Comp L § 555.502 (2021)
2021 Michigan Compiled Laws|Chapter 555 - Uses and Trusts|Act 159 of 2004 - Uniform Principal and Income Act (555.501 - 555.1006)|Article 1 - (555.501...555.505)|Section 555.502 - Definitions.

555.502 Definitions. Sec. 102.  As used in this act:  (a) “Accounting period” means a calendar year unless another 12-month period is selected by a fiduciary. Accounting period includes a portion of a calendar year or other 12-month period that begins when an income interest begins or ends when an income interest ends.  (b) “Beneficiary” means, in the case of a decedent's estate, an heir, legatee, or devisee and, in the case of a trust, an income beneficiary or remainder beneficiary.  (c) “Fiduciary” means a personal representative or trustee. Fiduciary includes an executor, administrator, successor personal representative, special personal representative, and a person performing substantially the same function as 1 or more of them.  (d) “Income” means money or property that a fiduciary receives as current return from a principal asset. Income includes a portion of receipts from a sale, exchange, or liquidation of a principal asset, to the extent provided in article 4.  (e) “Income beneficiary” means a person to whom net income of a trust is or may be payable.  (f) “Income interest” means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.  (g) “Mandatory income interest” means the right of an income beneficiary to receive net income that the terms of the trust require the fiduciary to distribute.  (h) “Net income” means the total receipts allocated to income during an accounting period minus the disbursements made from income during the period, plus or minus transfers under this act to or from income during the period.  (i) “Person” means an individual, corporation, business trust, estate, trust, partnership, limited liability company, association, or joint venture; governmental subdivision, agency, or instrumentality; public corporation; or another legal or commercial entity.  (j) “Principal” means property held in trust for distribution to a remainder beneficiary when the trust terminates.  (k) “Remainder beneficiary” means a person entitled to receive principal when an income interest ends.  (l) “Terms of a trust” means the manifestation of the intent of a settlor or decedent with respect to the trust, expressed in a manner that admits of its proof in a judicial proceeding, whether by written or spoken words or by conduct.  (m) “Trustee” includes an original, additional, or successor trustee, whether or not appointed or confirmed by a court. History: 2004, Act 159, Eff. Sept. 1, 2004