Michigan Compiled Laws
Act 101 of 1961 - Supervision of Trustees for Charitable Purposes Act (14.251 - 14.266)
Section 14.252 - Definitions.

Sec. 2.
(a) "Trustee" means any individual, group of individuals, association, foundation, trustee corporation, corporation, or other legal entity holding property for any charitable purpose.
(b) "Charitable trust" means the relationship where a trustee holds property for a charitable purpose.
History: 1961, Act 101, Eff. Sept. 8, 1961 ;-- Am. 1965, Act 353, Eff. Mar. 31, 1966

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 14 - Attorney General

Act 101 of 1961 - Supervision of Trustees for Charitable Purposes Act (14.251 - 14.266)

Section 14.251 - Charitable Trusts; Supervision; Application of Act.

Section 14.252 - Definitions.

Section 14.253 - Governmental and Corporate Exclusions; Exceptions; Registration and Reporting Requirements for Irrevocable Trusts; Testamentary or Inter Vivos Trusts Not Deemed as Charitable.

Section 14.254 - Attorney General; Jurisdiction and Control; Parties Represented; Powers and Duties; Probate of Will; Notice; Procedures; Register of Trusts and Trustees.

Section 14.255 - Filing of Trust Instrument and Inventory of Assets; Time.

Section 14.256 - Audit Report; Trustee's Report; Distribution of Assets; Hearing; Notice to Attorney General; Approval; Rules; Reports; Suspension; Trustee's Account; First Report.