There is a newer version of the Michigan Compiled Laws
2006 Michigan Compiled Laws - Act 174 of 1941
| AN ACT to authorize the establishment and the maintenance of common trust funds and collective investment funds; to authorize investments or participations in those funds; to define the requirements and terms of those funds, the conditions and terms governing investments or participations in those funds, and the admission and withdrawal of those investments or participations; to prescribe and define the rights, powers, and duties of banks, trust companies, fiduciaries, participants, beneficiaries, and other persons with respect to common trust funds and collective investment funds; and to provide for the regulation and supervision of those funds.
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| Document | Description |
| 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. |
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