Delivery, Payment, or Expenditure by Custodian - Mich. Comp. Laws Section 554.539
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Michigan Laws > Real And Personal Property > Delivery, Payment, or Expenditure by Custodian - Mich. Comp. Laws Section 554.539
554.539 Delivery, payment, or expenditure by custodian.
Sec. 19.
(1) A custodian may deliver or pay to the minor or expend for the minor's benefit so much of the custodial property as the custodian considers advisable for the use and benefit of the minor without court order, without regard to the duty or ability of the custodian personally or of any other person to support the minor, and without regard to other income or property of the minor that may be applicable or available for that purpose.
(2) On petition of an interested person or the minor if the minor is at least 14 years of age, the court may order the custodian to deliver or pay to the minor or expend for the minor's benefit so much of the custodial property as the court considers advisable for the use and benefit of the minor.
(3) A delivery, payment, or expenditure under this section is in addition to, is not in substitution for, and does not affect an obligation of a person to support the minor.
History: 1998, Act 433, Imd. Eff. Dec. 30, 1998
Section: 554.532 554.533 554.534 554.535 554.536 554.537 554.538 554.539 554.540 554.541 554.542 554.543 554.544 554.545 554.546
Last modified: March 17, 2013
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