STATUTES

STATE STATUTES & CODES

MICHIGAN STATUTES AND CODES

159-2004-1 - ARTICLE 1 (555.501...555.505)

Section 555.501 - Short title.
Section 555.502 - Definitions.
Section 555.503 - Duties of fiduciary; allocation of receipts and disbursements to or between principal and income; discretionary power; impartiality.
Section 555.504 - Adjustment between principal and income; factors; policy; circumstances prohibiting adjustment; exercise of power by cofiduciary; release of or limitation on power to adjust.
Section 555.505 - Exercise of discretionary power by fiduciary; limitation on court to order; decision; petition; burden of proof.

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