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Michigan Legislature
Michigan Compiled Laws Complete Through PA 178 of 2019
House: Adjourned until Thursday, January 23, 2020 12:00:00 PM


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Act 193 of 1947
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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


© 2020 Legislative Council, State of Michigan

The People of the State of Michigan enact:

DocumentTypeDescription
Section 555.301SectionTrust of property for employees; effect of rule against perpetuities.
Section 555.302SectionTrusts of property for employees; accumulation of trust income.
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