Michigan § 333.5861 - Receiving and holding title to property; property as trust fund; disposition of property; children with special needs fund; minimum balance.
Full text of Michigan Michigan Compiled Laws § 333.5861 — Receiving and holding title to property; property as trust fund; disposition of property; children with special needs fund; minimum balance., with citation guidance and answers to common questions.
§ 333.5861. Receiving and holding title to property; property as trust fund; disposition of property; children with special needs fund; minimum balance.
(1) The department may receive and hold title to real and personal property by gift, devise, bequest, and conveyance to be used for the purpose of carrying out this part. The property accepted must be held and used as a trust fund for the purposes for which received. The department promptly shall send the money, securities, or like personal property received to the department of treasury to be credited to the fund of this state designated by the donor or the department. The income from securities must be sent promptly to the department of treasury to be credited to the fund designated and must be likewise disbursed.
(2) The children with special needs fund that operates under this section shall maintain a minimum balance of $18,000,000.00. If the balance of the children with special needs fund is less than $18,000,000.00, no money shall be expended from that fund until the balance of the fund exceeds $18,000,000.00.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 333.5861
What does Michigan Compiled Laws § 333.5861 cover?
Section 333.5861 ("Receiving and holding title to property; property as trust fund; disposition of property; children with special needs fund; minimum balance.") 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 § 333.5861?
A common citation format is "Michigan Compiled Laws § 333.5861" (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 § 333.5861 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.