Michigan Compiled Laws
Chapter 555 - Uses and Trusts
R.S. of 1846 - Revised Statutes of 1846 (555.1 - 555.28)

R-S-1846-555-1-63 - Chapter 63 Chapter 63. of Uses and Trusts. (555.1...555.28)

R-S-1846-555-1-63-USES-AND-TRUSTS. - Uses and Trusts. (555.1...555.28)

Section 555.1 - Uses and Trusts; Extent of Abolition; Interests Deemed Legal. - Sec. 1. Uses and trusts, except as authorized and modified...

Section 555.2 - Executed Use Confirmed as Legal Estate. - Sec. 2. Every estate which is now held as an...

Section 555.3 - Right to Possession Deemed Legal Estate. - Sec. 3. Every person who, by virtue of any grant,...

Section 555.4 - Right to Possession Deemed Legal Estate; Effect on Existing Active Trust. - Sec. 4. The last preceding section shall not divest the...

Section 555.5 - Passive Trust; Disposition of Lands, Trustee Interest. - Sec. 5. Every disposition of lands, whether by deed or...

Section 555.6 - Constructive, Resulting or Express Trusts; Preceding Sections Effect. - Sec. 6. The preceding sections of this chapter, shall not...

Section 555.7 - Payment of Consideration for Conveyance to Another; Resulting Trust, Alienee Title. - Sec. 7. When a grant for a valuable consideration shall...

Section 555.8 - Payment of Consideration for Conveyance to Another; Presumption as Fraudulent; Resulting Trust for Creditors of Payee. - Sec. 8. Every such conveyance shall be presumed fraudulent, as...

Section 555.9 - Payment of Consideration for Conveyance to Another; Fraudulent Alienee Exemption. - Sec. 9. The preceding seventh section shall not extend to...

Section 555.10 - Implied or Resulting Trust; Validity Against Bona Fide Purchaser. - Sec. 10. No implied or resulting trust shall be alleged...

Section 555.11 - Express Trust; Purpose of Creation. - Sec. 11. Express trusts may be created for any or...

Section 555.12 - Devise to Trustee Without Power to Receive Rents and Profits; Estate of Trustee; Effect on Trust. - Sec. 12. A devise of lands to executors or other...

Section 555.13 - Rents and Profits; Liability of Surplus to Claims of Creditors of Beneficiary. - Sec. 13. When a trust is created to receive the...

Section 555.14 - Express Trust for Unauthorized Purpose; Estate of Trustee; Power in Trust. - Sec. 14. When an express trust shall be created for...

Section 555.15 - Trust as Valid Power; Land Descent. - Sec. 15. In every case where the trust shall be...

Section 555.16 - Express Trust; Beneficiary, Trustee Estates, Beneficiary Right. - Sec. 16. Every express trust, valid as such in its...

Section 555.17 - Express Trust; Disposal of Land in Event of Failure or Termination of Trust. - Sec. 17. The preceding section shall not prevent any person...

Section 555.18 - Express Trust; Undisposed Estate or Interest. - Sec. 18. When an express trust is created, every estate...

Section 555.19 - Express Trust; Assignability of Interest of Beneficiary. - Sec. 19. No person beneficially interested in a trust for...

Section 555.20 - Express Trust; Omission From Conveyance; Validity as to Subsequent Creditor and Bona Fide Purchaser From Trustee. - Sec. 20. When an express trust is created, but is...

Section 555.21 - Express Trust; Mention in Instrument; Invalidity of Certain Acts of Trustee. - Sec. 21. When the trust shall be expressed in the...

Section 555.22 - Authorized Payment to Trustee; Protection of Payor. - Sec. 22. No person who shall actually and in good...

Section 555.23 - Express Trust; Termination of Estate of Trustee. - Sec. 23. When the purposes for which an express trust...

Section 555.24 - Express Trust; Death of All Trustees; Execution of Trust. - Sec. 24. Upon the death of the surviving trustee of...

Section 555.25 - Express Trust; Trustee Resignation. - Sec. 25. Upon the petition of any trustee of an...

Section 555.26 - Express Trust; Trustee Removal. - Sec. 26. Upon the petition or bill of any person...

Section 555.27 - Express Trust; Appointment of New Trustee. - Sec. 27. The chancellor shall have full power to appoint...

Section 555.28 - Conflicting Provisions. - Sec. 28. If a provision of this chapter conflicts with...