Michigan Code — USES.AND.TRUSTS
Browse 89 sections in division USES.AND.TRUSTS of the Michigan code. Each section page includes the full statutory text, official source links, and citation guidance.
Sections (showing up to 300)
- § 555.1. Uses and trusts; extent of abolition; interests deemed legal.
- § 555.2. Executed use confirmed as legal estate.
- § 555.3. Right to possession deemed legal estate.
- § 555.4. Right to possession deemed legal estate; effect on existing active trust.
- § 555.5. Passive trust; disposition of lands, trustee interest.
- § 555.6. Constructive, resulting or express trusts; preceding sections effect.
- § 555.7. Payment of consideration for conveyance to another; resulting trust, alienee title.
- § 555.8. Payment of consideration for conveyance to another; presumption as fraudulent; resulting trust for creditors of payee.
- § 555.9. Payment of consideration for conveyance to another; fraudulent alienee exemption.
- § 555.10. Implied or resulting trust; validity against bona fide purchaser.
- § 555.11. Express trust; purpose of creation.
- § 555.12. Devise to trustee without power to receive rents and profits; estate of trustee; effect on trust.
- § 555.13. Rents and profits; liability of surplus to claims of creditors of beneficiary.
- § 555.14. Express trust for unauthorized purpose; estate of trustee; power in trust.
- § 555.15. Trust as valid power; land descent.
- § 555.16. Express trust; beneficiary, trustee estates, beneficiary right.
- § 555.17. Express trust; disposal of land in event of failure or termination of trust.
- § 555.18. Express trust; undisposed estate or interest.
- § 555.19. Express trust; assignability of interest of beneficiary.
- § 555.20. Express trust; omission from conveyance; validity as to subsequent creditor and bona fide purchaser from trustee.
- § 555.21. Express trust; mention in instrument; invalidity of certain acts of trustee.
- § 555.22. Authorized payment to trustee; protection of payor.
- § 555.23. Express trust; termination of estate of trustee.
- § 555.24. Express trust; death of all trustees; execution of trust.
- § 555.25. Express trust; trustee resignation.
- § 555.26. Express trust; trustee removal.
- § 555.27. Express trust; appointment of new trustee.
- § 555.28. Conflicting provisions.
- § 555.101. Short title; definitions.
- § 555.102. Funds; financial institution may establish, maintain, and administer.
- § 555.103. Funds; financial institution may invest as fiduciary.
- § 555.104. Funds; establishment and maintenance of plan; provisions; availability for inspection.
- § 555.104a. Audit; financial report; contents; items to be excluded from report; availability; advertising common trust fund.
- § 555.105. Common trust funds; funds investment.
- § 555.105a. Interest in fund other than fiduciary; prohibition; restrictions.
- § 555.106. Common trust funds; participation; certificate.
- § 555.107. Common trust funds; management; control; ownership.
- § 555.108. Common trust funds; assets valuation; admission and withdrawal; basis; distribution.
- § 555.109. Common trust funds; management fee; expenses.
- § 555.110. Common trust funds; mistakes in administration; effect.
- § 555.111. Common trust funds; rules regulating administration.
- § 555.112. Common trust funds; additional investments.
- § 555.113. Common trust funds; court accountings; jurisdiction of probate court.
- § 555.301. Trust of property for employees; effect of rule against perpetuities.
- § 555.302. Trusts of property for employees; accumulation of trust income.
- § 555.441. Corporation as fiduciary or co-fiduciary holding stock or securities in name of nominee; consent of co-fiduciary; endorsement of certificate.
- § 555.442. Acts of nominee, federal reserve bank, and clearing corporation deemed acts of corporation acting as fiduciary.
- § 555.443. Records of corporation to show ownership of stock or other securities held by corporation as fiduciary; manner of keeping stocks and other securities separate from assets of corporation.
- § 555.444. Deposit of securities with federal reserve bank; crediting deposit; designating fiduciary account; records to show ownership of securities held in account; transfer of securities.
- § 555.445. Deposit of securities in clearing corporation, bank, or trust company; deposit of securities by clearing corporation, bank, or trust company in another clearing corporation, bank, or trust company; evidence of safety of securities; merging certificates; holding certificates in bulk; transfer of securities; approval of commissioner.
- § 555.446. Rules.
- § 555.447. Applicability of amendatory act.
- § 555.501. Short title.
- § 555.502. Definitions.
- § 555.503. Duties of fiduciary; allocation of receipts and disbursements to or between principal and income; discretionary power; impartiality.
- § 555.504. Adjustment between principal and income; factors; policy; circumstances prohibiting adjustment; exercise of power by cofiduciary; release of or limitation on power to adjust.
- § 555.505. Exercise of discretionary power by fiduciary; limitation on court to order; decision; petition; burden of proof.
- § 555.601. Death or termination of trust; duties of fiduciary.
- § 555.602. Beneficiary's share of net income; determination; maintenance of records by fiduciary.
- § 555.701. Income interest; beginning and ending date; conditions.
- § 555.702. Allocation of income receipt or disbursement; occurrence of due date; accrual.
- § 555.703. Undistributed income.
- § 555.801. “Entity” defined; allocation to income money received; allocation of receipts to principal; money received in partial liquidation; limitation; statement by entity on source or character of distribution.
- § 555.802. Income; principal; allocation of amounts received as distributions from trust or purchased interest.
- § 555.803. Separate accounting for business or other activity.
- § 555.804. Principal; allocations.
- § 555.805. Receipts from rental property.
- § 555.806. Interest received; allocation to income; proceeds of sale; allocation to principal.
- § 555.807. Life insurance proceeds; other contracts; allocations.
- § 555.808. Insubstantial allocation.
- § 555.809. Definitions; payment allocation.
- § 555.810. Liquidating asset; allocation of receipts.
- § 555.811. Receipts from minerals, water, or other natural resources; allocations.
- § 555.812. Net receipts from sale of timber; allocations.
- § 555.813. Marital deduction; insufficient income from or use of trust assets; actions to be taken by trustee.
- § 555.814. Derivative transactions; gain or loss realized from exercise of option; allocations.
- § 555.815. Asset-backed security; allocation of payments.
- § 555.901. Income disbursements.
- § 555.902. Principal disbursements.
- § 555.903. Depreciation; amount transferred to principal.
- § 555.904. Principal disbursement; transfer of amount to provide reserve.
- § 555.905. Tax payments.
- § 555.906. Income beneficiaries and remainder benefits; adjustments between principal and income.
- § 555.1001. Application and construction of act.
- § 555.1002. Severability.
- § 555.1003. Repeal of MCL 555.51 to 555.68.
- § 555.1004. Effective date.
- § 555.1005. Applicability to trust or estate on effective date of act.
- § 555.1006. Applicability of MCL 555.409 to certain trusts; dates.