2006 Michigan Compiled Laws - Act 193 of 1947


TRUSTS OF PROPERTY FOR EMPLOYEES

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 ;--Am. 1951, Act 61, Eff. Sept. 28, 1951




The People of the State of Michigan enact:

DocumentDescription
Section 555.301Trust of property for employees; effect of rule against perpetuities.
Section 555.302Trusts of property for employees; accumulation of trust income.

Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.