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F Uniform statutory rule against perpetuities means the uniform statutory rule against perpetuities 1988 PA 418 MCL 554. 2 If the event giving rise to a transfer has not occurred and no substitute custodian able willing and eligible to serve was nominated under section 7 the person who made the nomination may nominate a substitute custodian under section 7. If a substitute custodian is not nominated the transferor or the transferor s legal representative shall designate a substitute custodian...

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