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Michigan Compiled Laws Complete Through PA 131 of 2017
House: Adjourned until Tuesday, November 28, 2017 1:30:00 PM
Senate: Adjourned until Tuesday, November 28, 2017 10:00:00 AM

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Act 159 of 2004
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UNIFORM PRINCIPAL AND INCOME ACT

Act 159 of 2004

AN ACT to enact the uniform principal and income act; to prescribe the manner in which receipts and expenditures of trusts and estates are credited and charged between income and principal, and the manner in which income is apportioned among beneficiaries at the beginning and upon the termination of a trust or estate; to make uniform the law with respect to principal and income allocation; and to repeal acts and parts of acts.


History: 2004, Act 159, Eff. Sept. 1, 2004


© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

DocumentTypeDescription
159-2004-1DivisionARTICLE 1 (555.501...555.505)
159-2004-2DivisionARTICLE 2 (555.601...555.602)
159-2004-3DivisionARTICLE 3 (555.701...555.703)
159-2004-4DivisionARTICLE 4 (555.801...555.815)
159-2004-5DivisionARTICLE 5 (555.901...555.906)
159-2004-6DivisionARTICLE 6 (555.1001...555.1006)
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