MCL - Index of Chapter 555
NOTE: Dates reflect any modification to item, not necessarily a change in law.
| Title | Subject |
|---|---|
| Chapter 555 | USES AND TRUSTS |
| R.S. of 1846 | Revised Statutes of 1846 (555.1 - 555.28) |
| R-S-1846-555-1-63 | CHAPTER 63 Chapter 63. Of Uses And Trusts. (555.1...555.28) |
| R-S-1846-555-1-63-USES-AND-TRUSTS. | USES AND TRUSTS. (555.1...555.28) |
| Section 555.1 | Uses and trusts; extent of abolition; interests deemed legal. |
| Section 555.2 | Executed use confirmed as legal estate. |
| Section 555.3 | Right to possession deemed legal estate. |
| 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 555.11 | Express trust; purpose of creation. |
| 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 555.15 | Trust as valid power; land descent. |
| 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 555.18 | Express trust; undisposed estate or interest. |
| 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 555.22 | Authorized payment to trustee; protection of payor. |
| Section 555.23 | Express trust; termination of estate of trustee. |
| Section 555.24 | Express trust; death of all trustees; execution of trust. |
| Section 555.25 | Express trust; trustee resignation. |
| Section 555.26 | Express trust; trustee removal. |
| Section 555.27 | Express trust; appointment of new trustee. |
| Section 555.28 | Conflicting provisions. |
| 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) |
| Act 174 of 1941 | COLLECTIVE INVESTMENT FUNDS ACT (555.101 - 555.113) |
| Section 555.101 | Short title; definitions. |
| Section 555.102 | Funds; financial institution may establish, maintain, and administer. |
| Section 555.103 | Funds; financial institution may invest as fiduciary. |
| 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 555.105 | Common trust funds; funds investment. |
| Section 555.105a | Interest in fund other than fiduciary; prohibition; restrictions. |
| Section 555.106 | Common trust funds; participation; certificate. |
| Section 555.107 | Common trust funds; management; control; ownership. |
| Section 555.108 | Common trust funds; assets valuation; admission and withdrawal; basis; distribution. |
| Section 555.109 | Common trust funds; management fee; expenses. |
| Section 555.110 | Common trust funds; mistakes in administration; effect. |
| Section 555.111 | Common trust funds; rules regulating administration. |
| Section 555.112 | Common trust funds; additional investments. |
| Section 555.113 | Common trust funds; court accountings; jurisdiction of probate court. |
| Act 177 of 1937 | Repealed-TRUST FUND INVESTMENTS (555.201 - 555.203) |
| Act 193 of 1947 | TRUSTS OF PROPERTY FOR EMPLOYEES (555.301 - 555.302) |
| 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) |
| Act 56 of 1957 | CORPORATE FIDUCIARY STOCKHOLDERS (555.441 - 555.447) |
| 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. |
| Section 555.446 | Rules. |
| Section 555.447 | Applicability of amendatory act. |
| 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) |
| Act 159 of 2004 | UNIFORM PRINCIPAL AND INCOME ACT (555.501 - 555.1006) |
| 159-2004-1 | ARTICLE 1 (555.501...555.505) |
| Section 555.501 | Short title. |
| Section 555.502 | Definitions. |
| 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. |
| 159-2004-2 | ARTICLE 2 (555.601...555.602) |
| Section 555.601 | Death or termination of trust; duties of fiduciary. |
| Section 555.602 | Beneficiary's share of net income; determination; maintenance of records by fiduciary. |
| 159-2004-3 | ARTICLE 3 (555.701...555.703) |
| Section 555.701 | Income interest; beginning and ending date; conditions. |
| Section 555.702 | Allocation of income receipt or disbursement; occurrence of due date; accrual. |
| Section 555.703 | Undistributed income. |
| 159-2004-4 | ARTICLE 4 (555.801...555.815) |
| 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 555.803 | Separate accounting for business or other activity. |
| Section 555.804 | Principal; allocations. |
| Section 555.805 | Receipts from rental property. |
| Section 555.806 | Interest received; allocation to income; proceeds of sale; allocation to principal. |
| Section 555.807 | Life insurance proceeds; other contracts; allocations. |
| Section 555.808 | Insubstantial allocation. |
| Section 555.809 | Definitions; payment allocation. |
| Section 555.810 | Liquidating asset; allocation of receipts. |
| Section 555.811 | Receipts from minerals, water, or other natural resources; allocations. |
| Section 555.812 | Net receipts from sale of timber; 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 555.815 | Asset-backed security; allocation of payments. |
| 159-2004-5 | ARTICLE 5 (555.901...555.906) |
| Section 555.901 | Income disbursements. |
| Section 555.902 | Principal disbursements. |
| Section 555.903 | Depreciation; amount transferred to principal. |
| Section 555.904 | Principal disbursement; transfer of amount to provide reserve. |
| Section 555.905 | Tax payments. |
| Section 555.906 | Income beneficiaries and remainder benefits; adjustments between principal and income. |
| 159-2004-6 | ARTICLE 6 (555.1001...555.1006) |
| Section 555.1001 | Application and construction of act. |
| Section 555.1002 | Severability. |
| Section 555.1003 | Repeal of MCL 555.51 to 555.68. |
| Section 555.1004 | Effective date. |
| Section 555.1005 | Applicability to trust or estate on effective date of act. |
| Section 555.1006 | Applicability of MCL 555.409 to certain trusts; dates. |