2010 Michigan Compiled Laws
Chapter 555 - USES AND TRUSTS
Act 56 of 1957 - CORPORATE FIDUCIARY STOCKHOLDERS (555.441 - 555.447)

CORPORATE FIDUCIARY STOCKHOLDERS
Act 56 of 1957
AN ACT relative to the authority of a corporation acting as trustee, executor, administrator, whether special, general, ancillary, with the will annexed or de bonis non, agent or guardian, whether special or general, to hold stock or other securities in the name of a nominee; the manner of indorsement of securities so held; the possession of or transfer of, or accounting for, those securities by the corporation; the liability of the corporation with respect to those transactions; and the promulgation of rules.


History: 1957, Act 56, Eff. Sept. 27, 1957 ;-- Am. 1972, Act 149, Imd. Eff. May 26, 1972 ;-- Am. 1975, Act 310, Imd. Eff. Dec. 22, 1975

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