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Chapter 555
- USES AND TRUSTS
Section 555.1 ‑ Uses and trusts; extent of abolition; interests deemed legal.
Section 555.4 ‑ Right to possession deemed legal estate; effect on existing active trust.
Section 555.5 ‑ Passive trust; disposition of lands, trustee interest.
Section 555.6 ‑ Constructive, resulting or express trusts; preceding sections effect.
Section 555.7 ‑ Payment of consideration for conveyance to another; resulting trust, alienee title.
Section 555.8 ‑ Payment of consideration for conveyance to another; presumption as fraudulent; resulting trust for creditors of payee.
Section 555.9 ‑ Payment of consideration for conveyance to another; fraudulent alienee exemption.
Section 555.10 ‑ Implied or resulting trust; validity against bona fide purchaser.
Section 555.12 ‑ Devise to trustee without power to receive rents and profits; estate of trustee; effect on trust.
Section 555.13 ‑ Rents and profits; liability of surplus to claims of creditors of beneficiary.
Section 555.14 ‑ Express trust for unauthorized purpose; estate of trustee; power in trust.
Section 555.16 ‑ Express trust; beneficiary, trustee estates, beneficiary right.
Section 555.17 ‑ Express trust; disposal of land in event of failure or termination of trust.
Section 555.19 ‑ Express trust; assignability of interest of beneficiary.
Section 555.20 ‑ Express trust; omission from conveyance; validity as to subsequent creditor and bona fide purchaser from trustee.
Section 555.21 ‑ Express trust; mention in instrument; invalidity of certain acts of trustee.
Section 555.24 ‑ Express trust; death of all trustees; execution of trust.
Act 340 of 1965 ‑ Repealed- THE REVISED UNIFORM PRINCIPAL AND INCOME ACT (555.51 - 555.68)
Act 185 of 1966 ‑ Repealed- IRREVOCABLE INTER VIVOS TRUST INSTRUMENTS (555.81 - 555.84)
Section 555.102 ‑ Funds; financial institution may establish, maintain, and administer.
Section 555.104 ‑ Funds; establishment and maintenance of plan; provisions; availability for inspection.
Section 555.104a ‑ Audit; financial report; contents; items to be excluded from report; availability; advertising common trust fund.
Section 555.105a ‑ Interest in fund other than fiduciary; prohibition; restrictions.
Section 555.108 ‑ Common trust funds; assets valuation; admission and withdrawal; basis; distribution.
Section 555.113 ‑ Common trust funds; court accountings; jurisdiction of probate court.
Section 555.301 ‑ Trust of property for employees; effect of rule against perpetuities.
Section 555.302 ‑ Trusts of property for employees; accumulation of trust income.
Act 19 of 1952 ‑ Repealed- UNIFORM TRUST RECEIPTS ACT (555.401 - 555.419)
Section 555.441 ‑ Corporation as fiduciary or co-fiduciary holding stock or securities in name of nominee; consent of co-fiduciary; endorsement of certificate.
Section 555.442 ‑ Acts of nominee, federal reserve bank, and clearing corporation deemed acts of corporation acting as fiduciary.
Section 555.443 ‑ Records of corporation to show ownership of stock or other securities held by corporation as fiduciary; manner of keeping stocks and other securities separate from assets of corporation.
Section 555.444 ‑ Deposit of securities with federal reserve bank; crediting deposit; designating fiduciary account; records to show ownership of securities held in account; transfer of securities.
Section 555.445 ‑ Deposit of securities in clearing corporation, bank, or trust company; deposit of securities by clearing corporation, bank, or trust company in another clearing corporation, bank, or trust company; evidence of safety of securities; merging certificates; holding certificates in bulk; transfer of securities; approval of commissioner.
Act 83 of 1962 ‑ Repealed- UNIFORM TESTAMENTARY ADDITIONS TO TRUSTS ACT (555.461 - 555.464)
Act 108 of 1968 ‑ Repealed- DISTRIBUTION IN KIND OF PECUNIARY BEQUESTS AND TRUST INTERESTS (555.481 - 555.485)
Section 555.503 ‑ Duties of fiduciary; allocation of receipts and disbursements to or between principal and income; discretionary power; impartiality.
Section 555.504 ‑ Adjustment between principal and income; factors; policy; circumstances prohibiting adjustment; exercise of power by cofiduciary; release of or limitation on power to adjust.
Section 555.505 ‑ Exercise of discretionary power by fiduciary; limitation on court to order; decision; petition; burden of proof.
Section 555.602 ‑ Beneficiary's share of net income; determination; maintenance of records by fiduciary.
Section 555.702 ‑ Allocation of income receipt or disbursement; occurrence of due date; accrual.
Section 555.801 ‑ “Entity” defined; allocation to income money received; allocation of receipts to principal; money received in partial liquidation; limitation; statement by entity on source or character of distribution.
Section 555.802 ‑ Income; principal; allocation of amounts received as distributions from trust or purchased interest.
Section 555.806 ‑ Interest received; allocation to income; proceeds of sale; allocation to principal.
Section 555.811 ‑ Receipts from minerals, water, or other natural resources; allocations.
Section 555.813 ‑ Marital deduction; insufficient income from or use of trust assets; actions to be taken by trustee.
Section 555.814 ‑ Derivative transactions; gain or loss realized from exercise of option; allocations.
Section 555.904 ‑ Principal disbursement; transfer of amount to provide reserve.
Section 555.906 ‑ Income beneficiaries and remainder benefits; adjustments between principal and income.
