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Michigan Legislature
Michigan Compiled Laws Complete Through PA 178 of 2019
House: Adjourned until Wednesday, January 22, 2020 1:30:00 PM
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Act 193 of 1947
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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

© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

Section 555.301SectionTrust of property for employees; effect of rule against perpetuities.
Section 555.302SectionTrusts of property for employees; accumulation of trust income.
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