Michigan Compiled Laws
Act 56 of 1957 - Corporate Fiduciary Stockholders (555.441 - 555.447)
Section 555.447 - Applicability of Amendatory Act.

Sec. 7.
This amendatory act which added this section shall apply to any corporation acting as a fiduciary, as provided in section 1, which was so acting on or after the effective date of this amendatory act, regardless of the date of the will or other instrument pursuant to which the securities were transferred to it.
History: Add. 1975, Act 310, Imd. Eff. Dec. 22, 1975

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 555 - Uses and Trusts

Act 56 of 1957 - Corporate Fiduciary Stockholders (555.441 - 555.447)

Section 555.441 - Corporation as Fiduciary or Co-Fiduciary Holding Stock or Securities in Name of Nominee; Consent of Co-Fiduciary; Endorsement of Certificate.

Section 555.442 - Acts of Nominee, Federal Reserve Bank, and Clearing Corporation Deemed Acts of Corporation Acting as Fiduciary.

Section 555.443 - Records of Corporation to Show Ownership of Stock or Other Securities Held by Corporation as Fiduciary; Manner of Keeping Stocks and Other Securities Separate From Assets of Corporation.

Section 555.444 - Deposit of Securities With Federal Reserve Bank; Crediting Deposit; Designating Fiduciary Account; Records to Show Ownership of Securities Held in Account; Transfer of Securities.

Section 555.445 - Deposit of Securities in Clearing Corporation, Bank, or Trust Company; Deposit of Securities by Clearing Corporation, Bank, or Trust Company in Another Clearing Corporation, Bank, or Trust Company; Evidence of Safety of Securities;...

Section 555.446 - Rules.

Section 555.447 - Applicability of Amendatory Act.