Express Trust; Appointment of New Trustee - Mich. Comp. Laws Section 555.27
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Michigan Laws > Uses And Trusts > Express Trust; Appointment of New Trustee - Mich. Comp. Laws Section 555.27
555.27 Express trust; appointment of new trustee.
Sec. 27.
The chancellor shall have full power to appoint a new trustee, in the place of a trustee resigned or removed; and when, in consequence of such resignation or removal, there shall be no acting trustee, the court, in its discretion, may appoint new trustees, or cause the trust to be executed by 1 of its officers, under its direction.
History: R.S. 1846, Ch. 63
;--
CL 1857, 2657
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CL 1871, 4140
;--
How. 5589
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CL 1897, 8855
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CL 1915, 11591
;--
CL 1929, 12993
;--
CL 1948, 555.27
Compiler's Notes: The office of chancellor, referred to in this section, was abolished by Act 23 of 1847.
Section: 555.20 555.21 555.22 555.23 555.24 555.25 555.26 555.27 555.28 555.101 555.102 555.103 555.104 555.104a 555.105
Last modified: March 17, 2013
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