{"data":{"id":"us-mi/mich.-comp.-laws-554.61","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 554.61","heading":"Terminable interest, specified contingency; definitions.","body":"Sec. 1.\n\nAs used in this act:\n\n\"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.\n\n\"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.","path":["MI Code","Chapter 554","Act Act-13-of-1968"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-554-61","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"07f5f7d886b2d32068906248c733494865ba0070375e6a6f7ff6a545fc78e7f2","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-554.1070","next":"us-mi/mich.-comp.-laws-554.62"},"notice":"GroundRules: Original legal text. Not legal advice."}