Michigan Compiled Laws § 700.7403 Trusts Created In Other Jurisdictions.

700.7403 Trusts created in other jurisdictions.

Sec. 7403.

A trust not created by will is validly created if its creation complies with the law of the jurisdiction in which the trust instrument was executed or the law of a jurisdiction to which, at the time of creation, any of the following applied:

(a) The settlor was domiciled, had a place of abode, or was a national in the jurisdiction.

(b) A trustee was domiciled or had a place of business in the jurisdiction.

(c) Any trust property was located in the jurisdiction.

History: 1998, Act 386, Eff. Apr. 1, 2000 ;-- Am. 2009, Act 46, Eff. Apr. 1, 2010
Popular Name: EPIC

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Last modified: October 10, 2016