Michigan § 554.530 - Absence of will or authorization to make irrevocable transfer; transfer by personal representative, trustee, or conservator; conditions.
Full text of Michigan Michigan Compiled Laws § 554.530 — Absence of will or authorization to make irrevocable transfer; transfer by personal representative, trustee, or conservator; conditions., with citation guidance and answers to common questions.
§ 554.530. Absence of will or authorization to make irrevocable transfer; transfer by personal representative, trustee, or conservator; conditions.
(1) Subject to subsection (3), a personal representative or trustee may make an irrevocable transfer to another adult or trust company as custodian for the benefit of a minor under section 13 in the absence of a will or under a will or trust that does not contain an authorization to make the irrevocable transfer.
(2) Subject to subsection (3), a conservator may make an irrevocable transfer to another adult or trust company as custodian for the benefit of the minor under section 13.
(3) A transfer under subsection (1) or (2) may be made only if all of the following apply:
(a) The personal representative, trustee, or conservator considers the transfer to be in the best interest of the minor.
(b) The transfer is not prohibited by or inconsistent with provisions of the applicable will, trust agreement, or other governing instrument.
(c) If the transfer exceeds $50,000.00 in value, the transfer is authorized by the court.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 554.530
What does Michigan Compiled Laws § 554.530 cover?
Section 554.530 ("Absence of will or authorization to make irrevocable transfer; transfer by personal representative, trustee, or conservator; conditions.") 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 § 554.530?
A common citation format is "Michigan Compiled Laws § 554.530" (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 § 554.530 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.