[ Text of section effective until March 31, 2012. Repealed by 2008, 521, Sec. 29. See 2008, 521, Sec. 44 as amended by 2010, 409, Sec. 23 and 2011, 224.]

  Section 17. An award or compromise made in writing in any such case, if found by the court to be just and reasonable in relation to the parties in being and in its effect upon any future contingent interests that might arise under such will and upon any bequests to charities made in the same, shall be valid and binding upon such interests and upon such bequests, as well as upon the interests of all persons in being, but it shall not impair the claims of creditors.