There Is a Newer Version of the Michigan Compiled Laws
2012 Michigan Compiled Laws
Chapter 554 — REAL AND PERSONAL PROPERTY
Act 433 of 1998 — MICHIGAN UNIFORM TRANSFERS TO MINORS ACT (554.521 - 554.552)
- Section 554.521 — Short title.
- Section 554.522 — Meanings of words and phrases.
- Section 554.523 — Definitions; A to C.
- Section 554.524 — Definitions; F to P.
- Section 554.525 — Definitions; S to T.
- Section 554.526 — Change in residence of transferor, minor, or custodian, or removal of custodial property from state; jurisdiction; governing laws.
- Section 554.527 — Custodian to receive property upon occurrence of future event; nomination; creation of custodial property.
- Section 554.528 — Transfer by irrevocable gift or power of appointment in custodian.
- Section 554.529 — Irrevocable transfer by personal representative or trustee; designation of custodian.
- Section 554.530 — Absence of will or authorization to make irrevocable transfer; transfer by personal representative, trustee, or conservator; conditions.
- Section 554.531 — Minor not having conservator; transfer by person holding property or owing liquidated debt.
- Section 554.532 — Custodial property; receipt and discharge.
- Section 554.533 — Creation and transfer of custodial property; actions.
- Section 554.534 — Instrument; form.
- Section 554.535 — Time of control; holding constituting single custodianship.
- Section 554.536 — Conditions not affecting validity of transfer; transfer as irrevocable; property indefeasibly vested in minor; powers, rights, and immunities.
- Section 554.537 — Duties of custodian.
- Section 554.538 — Rights, powers, and authority over custodial property; limitation.
- Section 554.539 — Delivery, payment, or expenditure by custodian.
- Section 554.540 — Custodian; expenses; compensation; bond.
- Section 554.541 — Responsibility of third person.
- Section 554.542 — Liability of custodian or minor.
- Section 554.543 — Service as custodian; declination; substitute; successor.
- Section 554.544 — Resignation, ineligibility, death, or incapacitation of custodian; possession and control of property and records; petition for removal of custodian.
- Section 554.545 — Accounting.
- Section 554.546 — Transfer of property to minor; time.
- Section 554.547 — Transfer of property to minor; delay.
- Section 554.548 — Applicability of act to transfer described in MCL 554.526.
- Section 554.549 — Applicability of act to transfer made before effective date.
- Section 554.550 — Construction of act.
- Section 554.551 — Repeal of former 1959 PA 172; effect.
- Section 554.552 — Repeal of MCL 554.451 to 554.461.
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.
