MCL - Act 193 of 1947


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

The People of the State of Michigan enact:
Document Type Description
Section 555.301 Section Trust of property for employees; effect of rule against perpetuities.
Section 555.302 Section Trusts of property for employees; accumulation of trust income.