Mich. Comp. Laws § 14.281
This is the official text of Mich. Comp. Laws § 14.281, 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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Delivery of release; effect of specifying public charitable organization as beneficiary.
Official statutory text
Sec. 11.
Delivery of a release is accomplished as follows:
If the release is accomplished by specifying public charitable organizations as beneficiaries of the trust, by delivery of a copy of the release to each designated public charitable organization.
If the release is accomplished by reducing the class of permissible public charitable organizations, by delivery of a copy of the release to the attorney general.
If a release is accomplished by specifying a public charitable organization as beneficiary of the trust, the trust thereafter shall be operated exclusively for the benefit of and supervised by the specified public charitable organization until such time as the specified public charitable organization ceases to exist or ceases to be an exempt public charitable organization.
History: 1971, Act 78, Imd. Eff. July 31, 1971
Delivery of a release is accomplished as follows:
If the release is accomplished by specifying public charitable organizations as beneficiaries of the trust, by delivery of a copy of the release to each designated public charitable organization.
If the release is accomplished by reducing the class of permissible public charitable organizations, by delivery of a copy of the release to the attorney general.
If a release is accomplished by specifying a public charitable organization as beneficiary of the trust, the trust thereafter shall be operated exclusively for the benefit of and supervised by the specified public charitable organization until such time as the specified public charitable organization ceases to exist or ceases to be an exempt public charitable organization.
History: 1971, Act 78, Imd. Eff. July 31, 1971
Status: in_force · Read it on the official government site
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