Sec. 7211.
A foreign corporate trustee is required to qualify as a foreign corporation doing business in this state if it maintains a trust's principal place of administration in this state. A foreign cotrustee is not required to qualify in this state solely because its cotrustee maintains the principal place of administration in this state. Unless otherwise doing business in this state, local qualification by a foreign trustee, corporate or individual, is not required for the trustee to receive distribution from a local estate, to hold, invest in, manage, or acquire property located in this state, or to maintain litigation. This section does not affect a determination of what other acts require qualification as doing business in this state.
History: Add. 2009, Act 46, Eff. Apr. 1, 2010 Popular Name: EPIC
Structure Michigan Compiled Laws
Chapter 700 - Estates and Protected Individuals Code
Act 386 of 1998 - Estates and Protected Individuals Code (700.1101 - 700.8206)
Article VII - Michigan Trust Code (700.7101...700.7913)
386-1998-VII-2 - Part 2 Judicial Proceedings (700.7201...700.7211)
Section 700.7201 - Role of Court in Administration of Trust.
Section 700.7202 - Jurisdiction Over Trustee and Beneficiaries.
Section 700.7203 - Subject Matter Jurisdiction.
Section 700.7205 - Trust Proceedings; Dismissal of Matters Relating to Foreign Trusts.
Section 700.7206 - Court; Concurrent Jurisdiction of Litigation Involving Trusts and Third Parties.
Section 700.7208 - Trust Proceedings; Initiation by Notice; Interested Persons.
Section 700.7209 - Registration of Trust.
Section 700.7210 - Registration Procedures.
Section 700.7211 - Registration; Qualification of Foreign Trustee.