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2006 Michigan Compiled Laws - Act 101 of 1961


SUPERVISION OF TRUSTEES FOR CHARITABLE PURPOSES ACT

Act 101 of 1961

AN ACT to implement the state supervision and enforcement of charitable trusts; and to authorize the attorney general to establish and maintain a register of such charitable trusts, to protect the interests of the people of the state therein, to adopt and promulgate rules and regulations necessary to carry out the purposes of the act, and to take appropriate action to protect and carry out the purposes of the charitable trusts.


History: 1961, Act 101, Eff. Sept. 8, 1961 ;--Am. 1965, Act 353, Eff. Mar. 31, 1966




The People of the State of Michigan enact:

DocumentDescription
Section 14.251Charitable trusts; supervision; application of act.
Section 14.252Definitions.
Section 14.253Governmental and corporate exclusions; exceptions; registration and reporting requirements for irrevocable trusts; testamentary or inter vivos trusts not deemed as charitable.
Section 14.254Attorney general; jurisdiction and control; parties represented; powers and duties; probate of will; notice; procedures; register of trusts and trustees.
Section 14.255Filing of trust instrument and inventory of assets; time.
Section 14.256Audit report; trustee's report; distribution of assets; hearing; notice to attorney general; approval; rules; reports; suspension; trustee's account; first report.
Section 14.257Rules and regulations by attorney general.
Section 14.258Investigation of transactions.
Section 14.259Order for appearance; enforcement.
Section 14.260Register, copies of instruments and reports; public inspection.
Section 14.261Enforcement to ensure compliance with act; proper accounting; jurisdiction of courts.
Section 14.262Application of act irrespective of contents of instrument.
Section 14.263Custodians of public records; copies of instruments.
Section 14.264Applications for exemption from taxation; filing of list with attorney general.
Section 14.265Purpose and construction of act.
Section 14.266Short title.

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