Mich. Comp. Laws § 14.280
This is the official text of Mich. Comp. Laws § 14.280, part of Michigan’s Comp. Laws — part of the compiled statutory law of Michigan, published by the state as "Comp. Laws." Browse the sections below, each linked to its official government source.
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Trustee; release of power to select charitable donee.
Official statutory text
Sec. 10.
Unless the creating instrument expressly provides otherwise, the trustee of a trust, all of the unexpired interests in which are devoted to 1 or more charitable purposes, may release a power to select a charitable donee.
The release of a power to select a charitable donee may apply to all or any part of the property subject to the power and may reduce or limit the public charitable organizations or classes of public charitable organizations in whose favor the power is exercisable.
A release is effected by a duly acknowledged written instrument signed by the trustee and delivered as provided in subsection (1) of section 11.
History: 1971, Act 78, Imd. Eff. July 31, 1971
Unless the creating instrument expressly provides otherwise, the trustee of a trust, all of the unexpired interests in which are devoted to 1 or more charitable purposes, may release a power to select a charitable donee.
The release of a power to select a charitable donee may apply to all or any part of the property subject to the power and may reduce or limit the public charitable organizations or classes of public charitable organizations in whose favor the power is exercisable.
A release is effected by a duly acknowledged written instrument signed by the trustee and delivered as provided in subsection (1) of section 11.
History: 1971, Act 78, Imd. Eff. July 31, 1971
Status: in_force · Read it on the official government site
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