Trustee; Delivery of Property to Co - Trustee or Substitute Trustee - Mich. Comp. Laws Section 35.513
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Michigan Laws > Veterans And Members Of Armed Forces > Trustee; Delivery of Property to Co - Trustee or Substitute Trustee - Mich. Comp. Laws Section 35.513
35.513 Trustee; delivery of property to co-trustee or substitute trustee.
Sec. 3.
It shall be the duty of the trustee whose powers have been suspended as provided in this act, to deliver all property in his possession belonging to the trust administered by him to the co-trustees or substitute trustee, and to make and file an accounting within 30 days after the issuance of the order suspending his powers, or within such time as the court may direct: Provided, however, That his failure so to do shall not in any manner affect the validity of any power exercised or act performed by such co-trustees or substitute trustee in the course of the performance of the duties of their office. Such accounting may be lawfully made and filed in behalf of said trustee engaged in war service by his agent thereunto duly authorized in writing.
History: 1943, Act 195, Imd. Eff. Apr. 17, 1943
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CL 1948, 35.513
Section: 35.462 35.471 35.481 35.491 35.501 35.511 35.512 35.513 35.514 35.515 35.516 35.541 35.551 35.552 35.581
Last modified: March 17, 2013
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