Sec. 8.
(1) In the case of a trust which is solely for named public charitable organizations and as to which the trustee does not possess any discretion with regard to the distribution of income or principal among 2 or more organizations, the trustee, with the consent of the named public charitable organizations, may amend the governing instrument to comply with subsection (2) of section 5.
(2) If a charitable trust is not subject to subsection (1) of section 8, the trustee with the consent of the attorney general may amend the governing instrument to comply with subsection (2) of section 5.
History: 1971, Act 78, Imd. Eff. July 31, 1971
Structure Michigan Compiled Laws
Act 78 of 1971 - Charitable Trustees Powers Act (14.271 - 14.287)
Section 14.273 - Applicability of Act.
Section 14.275 - Tax Exemption, Deduction, or Credit; Distributions; Prohibited Conduct.
Section 14.276 - Split Interest Trust; Applicability of Section 14.275(3)(b) and (C).
Section 14.278 - Amendment of Trust Instrument.
Section 14.279 - Trustee; Relief From Restrictions of Trust Instrument.
Section 14.280 - Trustee; Release of Power to Select Charitable Donee.
Section 14.282 - Public Charitable Trust; Supervision by Specified Public Charitable Organization.