(555.501...555.505)

  1. Law
  2. Michigan Compiled Laws
  3. Uses and Trusts
  4. 159 of 2004 - Uniform Principal and Income Act (555.501 - 555.1006)
  5. (555.501...555.505)

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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.