Mich. Comp. Laws § 554.7 : — REAL AND PERSONAL PROPERTYOF THE NATURE AND QUALITIES OF ESTATES IN REAL AND PERSONAL PROPERTY, AND THE ALIENATION THEREOF — Estates in land; kinds as respects time of enjoyment TEXT PDF Estates, as respects the time of their enjoyment, are divided into estates in possession, and estates in expectancy. MCL 554.7 R.S. 1846, Ch. 62 ;--CL 1857, 2591 ;--CL 1871, 4074 ;--How. 5523 ;--CL 1897, 8789 ;--CL 1915, 11525 ;--CL 1929, 12927 ;--CL 1948, 554.7.