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TRUSTS OF PROPERTY FOR EMPLOYEES Act 193 of 1947 AN ACT relative to the validity, duration and effectiveness of certain trusts of any property created by an employer as part of a stock bonus plan, pension plan, disability or death benefit plan, or profit-sharing plan; and to permit the accumulation of the income arising from such trusts.
History: 1947, Act 193, Eff. Oct. 11, 1947
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Am. 1951, Act 61, Eff. Sept. 28, 1951
The People of the State of Michigan enact:
Section 555.301 Section Trust of property for employees; effect of rule against perpetuities.
Section 555.302 Section Trusts of property for employees; accumulation of trust income.