MCL - 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
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Am. 1951, Act 61, Eff. Sept. 28, 1951
Document | Type | Description |
---|---|---|
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. |