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TRUSTS OF PROPERTY FOR EMPLOYEES
Act 193 of 1947
AN ACT relative to the validity, duration and effectiveness of certain trusts of any property created by an employer as part of a stock bonus plan, pension plan, disability or death benefit plan, or profit-sharing plan; and to permit the accumulation of the income arising from such trusts.
History: 1947, Act 193, Eff. Oct. 11, 1947
Am. 1951, Act 61, Eff. Sept. 28, 1951
© 2017 Legislative Council, State of Michigan
The People of the State of Michigan enact:
|Section 555.301||Section||Trust of property for employees; effect of rule against perpetuities.
|Section 555.302||Section||Trusts of property for employees; accumulation of trust income.