onecle - legal research

Court Opinions

State Laws

US Code

US Constitution

Trustee; Release Of Power To Select Charitable Donee - Mich. Comp. Laws Section 14.280

Legal Research Home > Michigan Lawyer > Attorney General > Trustee; Release Of Power To Select Charitable Donee - Mich. Comp. Laws Section 14.280

CHARITABLE TRUSTEES POWERS ACT (EXCERPT)
Act 78 of 1971


14.280 Trustee; release of power to select charitable donee.

Sec. 10.

(1) Unless the creating instrument expressly provides otherwise, the trustee of a trust, all of the unexpired interests in which are devoted to 1 or more charitable purposes, may release a power to select a charitable donee.

(2) The release of a power to select a charitable donee may apply to all or any part of the property subject to the power and may reduce or limit the public charitable organizations or classes of public charitable organizations in whose favor the power is exercisable.

(3) A release is effected by a duly acknowledged written instrument signed by the trustee and delivered as provided in subsection (1) of section 11.


History: 1971, Act 78, Imd. Eff. July 31, 1971

Section:  Previous  14.273  14.274  14.275  14.276  14.277  14.278  14.279  14.280  14.281  14.282  14.283  14.284  14.285  14.286  14.287  Next

Last modified: January 1, 2008