Michigan Compiled Laws
Act 159 of 2004 - Uniform Principal and Income Act (555.501 - 555.1006)
Article 1 - (555.501...555.505)

Section 555.501 - Short Title. - Sec. 101. This act shall be known and may be...

Section 555.502 - Definitions. - Sec. 102. As used in this act: (a) “Accounting period”...

Section 555.503 - Duties of Fiduciary; Allocation of Receipts and Disbursements to or Between Principal and Income; Discretionary Power; Impartiality. - Sec. 103. (1) In allocating receipts and disbursements to or...

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. - Sec. 104. (1) A fiduciary may adjust between principal and...

Section 555.505 - Exercise of Discretionary Power by Fiduciary; Limitation on Court to Order; Decision; Petition; Burden of Proof. - Sec. 105. (1) The court may not order a fiduciary...