Michigan Laws 555.1003 – Repeal of MCL 555.51 to 555.68
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Michigan Laws 555.1003
- Income: means money or property that a fiduciary receives as current return from a principal asset. See Michigan Laws 555.502
- Principal: means property held in trust for distribution to a remainder beneficiary when the trust terminates. See Michigan Laws 555.502
The revised uniform principal and income act, 1965 PA 340, MCL 555.51 to 555.68, is repealed.