MCL - Act 78 of 1971


CHARITABLE TRUSTEES POWERS ACT

Act 78 of 1971

AN ACT to prescribe and regulate the functions of charitable trusts and trustees; and to prescribe the functions of the attorney general in relation thereto.


History: 1971, Act 78, Imd. Eff. July 31, 1971




The People of the State of Michigan enact:
Document Type Description
Section 14.271 Section Short title.
Section 14.272 Section Definitions.
Section 14.273 Section Applicability of act.
Section 14.274 Section Trustee of private foundation or split interest trust; duties, and powers generally.
Section 14.275 Section Tax exemption, deduction, or credit; distributions; prohibited conduct.
Section 14.276 Section Split interest trust; applicability of section 14.275(3)(b) and (c).
Section 14.277 Section Distributions; trust investment more restrictive than or inconsistent with this act; notice to attorney general.
Section 14.278 Section Amendment of trust instrument.
Section 14.279 Section Trustee; relief from restrictions of trust instrument.
Section 14.280 Section Trustee; release of power to select charitable donee.
Section 14.281 Section Delivery of release; effect of specifying public charitable organization as beneficiary.
Section 14.282 Section Public charitable trust; supervision by specified public charitable organization.
Section 14.283 Section Filing copy of trust instrument and report with specified public charitable organization.
Section 14.284 Section Effect of delivery of release and acceptance thereof; supervisory authority of public charitable organization.
Section 14.285 Section Termination or dissolution of private foundation trust; consent of attorney general.
Section 14.286 Section Action to enforce act.
Section 14.287 Section Interpretation of act.