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Committee adopts substitute to HB 4034; hears testimony on uniform unitrust and perpetuities fixes
Summary
The House Judiciary Committee adopted a substitute to House Bill 4034 and heard technical testimony on House Bills 4033 and 4034, which would create a uniform unitrust statute and revise Michigan's statutory rule against perpetuities.
The Michigan House Judiciary Committee adopted the H-1 substitute to House Bill 4034 and heard testimony on House Bill 4033, which would create a Uniform Unitrust Act, and House Bill 4034, which would make technical corrections to Michigan's statutory rule against perpetuities.
Representative Wozniak, the bills's sponsor, told the committee the measures had broad prior support. "This is not the first go round with these bills," Wozniak said, adding that the measures "were introduced last term. HO or house bill 4,033 was passed 100 and 9 to nothing, and 34 was passed 102 to nothing."
Attorney James…
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