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Section 554.521 - Short Title. - Sec. 1. This act shall be known and may be...
Section 554.522 - Meanings of Words and Phrases. - Sec. 2. For the purposes of this act, the words...
Section 554.523 - Definitions; a to C. - Sec. 3. (1) "Adult" means an individual who is 18...
Section 554.524 - Definitions; F to P. - Sec. 4. (1) "Financial institution" means a bank, trust company,...
Section 554.525 - Definitions; S to T. - Sec. 5. (1) "State" includes a state of the United...
Section 554.526 - Change in Residence of Transferor, Minor, or Custodian, or Removal of Custodial Property From State; Jurisdiction; Governing Laws. - Sec. 6. (1) This act applies to a transfer that...
Section 554.527 - Custodian to Receive Property Upon Occurrence of Future Event; Nomination; Creation of Custodial Property. - Sec. 7. (1) A person having the right to designate...
Section 554.528 - Transfer by Irrevocable Gift or Power of Appointment in Custodian. - Sec. 8. A person may make a transfer by irrevocable...
Section 554.529 - Irrevocable Transfer by Personal Representative or Trustee; Designation of Custodian. - Sec. 9. (1) A personal representative or trustee may make...
Section 554.530 - Absence of Will or Authorization to Make Irrevocable Transfer; Transfer by Personal Representative, Trustee, or Conservator; Conditions. - Sec. 10. (1) Subject to subsection (3), a personal representative...
Section 554.531 - Minor Not Having Conservator; Transfer by Person Holding Property or Owing Liquidated Debt. - Sec. 11. (1) Subject to subsections (2) and (3), a...
Section 554.532 - Custodial Property; Receipt and Discharge. - Sec. 12. A written acknowledgment of delivery by a custodian...
Section 554.533 - Creation and Transfer of Custodial Property; Actions. - Sec. 13. (1) Custodial property is created and a transfer...
Section 554.534 - Instrument; Form. - Sec. 14. An instrument in substantially the following form satisfies...
Section 554.535 - Time of Control; Holding Constituting Single Custodianship. - Sec. 15. (1) A transferor shall place the custodian in...
Section 554.536 - Conditions Not Affecting Validity of Transfer; Transfer as Irrevocable; Property Indefeasibly Vested in Minor; Powers, Rights, and Immunities. - Sec. 16. (1) The validity of a transfer made in...
Section 554.537 - Duties of Custodian. - Sec. 17. (1) A custodian shall do all of the...
Section 554.538 - Rights, Powers, and Authority Over Custodial Property; Limitation. - Sec. 18. A custodian, acting in a custodial capacity, has...
Section 554.539 - Delivery, Payment, or Expenditure by Custodian. - Sec. 19. (1) A custodian may deliver or pay to...
Section 554.540 - Custodian; Expenses; Compensation; Bond. - Sec. 20. (1) A custodian is entitled to reimbursement from...
Section 554.541 - Responsibility of Third Person. - Sec. 21. A third person in good faith and without...
Section 554.542 - Liability of Custodian or Minor. - Sec. 22. (1) A claim based on a contract entered...
Section 554.543 - Service as Custodian; Declination; Substitute; Successor. - Sec. 23. (1) A person nominated under section 7 or...
Section 554.544 - Resignation, Ineligibility, Death, or Incapacitation of Custodian; Possession and Control of Property and Records; Petition for Removal of Custodian. - Sec. 24. (1) A custodian may resign at any time...
Section 554.545 - Accounting. - Sec. 25. (1) A minor who is not less than...
Section 554.546 - Transfer of Property to Minor; Time. - Sec. 26. Except as provided in section 27, the custodian...
Section 554.547 - Transfer of Property to Minor; Delay. - Sec. 27. (1) Transfer of custodial property to the minor...
Section 554.548 - Applicability of Act to Transfer Described in MCL 554.526. - Sec. 28. This act applies to a transfer described in...
Section 554.549 - Applicability of Act to Transfer Made Before Effective Date. - Sec. 29. (1) Transfer of custodial property made before the...
Section 554.550 - Construction of Act. - Sec. 30. This act shall be applied and construed to...
Section 554.551 - Repeal of Former 1959 Pa 172; Effect. - Sec. 31. To the extent that this act by virtue...
Section 554.552 - Repeal of MCL 554.451 to 554.461. - Sec. 32. The Michigan uniform gifts to minors act, 1959...