Sec. 606.
Section 409 applies to a trust described in section 409(4) on and after the following dates:
(a) If the trust is not funded as of the effective date of the amendatory act that added this section, the date of the decedent's death.
(b) If the trust is initially funded beginning January 1 of the calendar year in which the amendatory act that added this section takes effect, the date of the decedent's death.
(c) If the trust is not described in subdivision (a) or (b), January 1 of the calendar year in which the amendatory act that added this section takes effect.
History: Add. 2012, Act 302, Eff. Mar. 28, 2013
Structure Michigan Compiled Laws
Act 159 of 2004 - Uniform Principal and Income Act (555.501 - 555.1006)
Article 6 - (555.1001...555.1006)
Section 555.1001 - Application and Construction of Act.
Section 555.1002 - Severability.
Section 555.1003 - Repeal of MCL 555.51 to 555.68.
Section 555.1004 - Effective Date.
Section 555.1005 - Applicability to Trust or Estate on Effective Date of Act.
Section 555.1006 - Applicability of MCL 555.409 to Certain Trusts; Dates.