Michigan Compiled Laws
Act 159 of 2004 - Uniform Principal and Income Act (555.501 - 555.1006)
Article 5 - (555.901...555.906)

Section 555.901 - Income Disbursements. - Sec. 501. A trustee shall make the following disbursements from...

Section 555.902 - Principal Disbursements. - Sec. 502. (1) A trustee shall make the following disbursements...

Section 555.903 - Depreciation; Amount Transferred to Principal. - Sec. 503. (1) As used in this section, “depreciation” means...

Section 555.904 - Principal Disbursement; Transfer of Amount to Provide Reserve. - Sec. 504. (1) If a trustee makes or expects to...

Section 555.905 - Tax Payments. - Sec. 505. (1) A tax required to be paid by...

Section 555.906 - Income Beneficiaries and Remainder Benefits; Adjustments Between Principal and Income. - Sec. 506. (1) A fiduciary may make adjustments between principal...