Section 565.432 - Certificate of trust existence and authority; contents. - Michigan Statutes

RECORDING TRUST AGREEMENT OR CERTIFICATE OF TRUST EXISTENCE AND AUTHORITY (EXCERPT)
Act 133 of 1991

565.432 Certificate of trust existence and authority; contents.

Sec. 2.

A certificate of trust existence and authority shall contain all of the following information:

(a) The title of the trust.

(b) The date of the trust agreement and any amendments to the trust agreement.

(c) The name of the settlor or grantor and the settlor's or grantor's address.

(d) The names and addresses of all of the trustees and successor trustees.

(e) The legal description of the affected real property.

(f) Verbatim reproductions of provisions of the trust agreement, and any amendments to the trust agreement, regarding all of the following:

(i) The powers of the trustee or trustees relating to real property or any interest in real property and restrictions on the powers of the trustee or trustees relating to real property or any interest in real property.

(ii) The governing law.

(iii) Amendment of the trust relating to the trust provisions described in subdivision (a) to (f)(ii).

(g) Certification that the trust agreement remains in full force and effect.

(h) A list of names and addresses of all persons who, at the time the certificate of trust is executed, are trustees of the trust.

History: 1991, Act 133, Imd. Eff. Nov. 6, 1991