Michigan Compiled Laws 159-2004-3 Article 3 (555.701...555.703)

• Section 555.701 Income Interest; Beginning And Ending Date; Conditions.
  (1) An income beneficiary is entitled to net income from the date on which the income interest begins. An income interest begins on the...
• Section 555.702 Allocation Of Income Receipt Or Disbursement; Occurrence Of Due Date; Accrual.
  (1) Except as provided in section 201(a), a trustee shall allocate an income receipt or disbursement to principal if its due date occurs before...
• Section 555.703 Undistributed Income.
  (1) As used in this section, “undistributed income” means net income received before the date on which an income interest ends. Undistributed income does...

Last modified: October 10, 2016