Michigan § 14.272 - Definitions.
Full text of Michigan Michigan Compiled Laws § 14.272 — Definitions., with citation guidance and answers to common questions.
§ 14.272. Definitions.
As used in this act:
"IRC" means the internal revenue code of 1954 as in effect on January 1, 1970.
"Private foundation trust" means a trust, including a trust described in section 4947(a)(1) of the IRC, as defined in section 509(a) of the IRC.
"Public charitable organization" means an organization described in section 509(a)(1), (2) or (3) of the IRC and exempt from tax under section 501(a) of the IRC.
"Split interest trust" means a trust for individual and charitable beneficiaries that is subject to section 4947(a)(2) of the IRC.
"Trust" means an express trust created by a trust instrument, including a will.
"Trustee" means the trustee or person possessing a power referred to in this act.
Frequently Asked Questions About Michigan § 14.272
What does Michigan Compiled Laws § 14.272 cover?
Section 14.272 ("Definitions.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 14.272?
A common citation format is "Michigan Compiled Laws § 14.272" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 14.272 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.