Michigan Statutes
§ 554.524 — Definitions; F to P.
Michigan § 554.524
JurisdictionMichigan
Ch. 554REAL AND PERSONAL PROPERTY
Act 433 of 1998MICHIGAN UNIFORM TRANSFERS TO MINORS ACT (554.521-554.552)
This text of Michigan § 554.524 (Definitions; F to P.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Mich. Comp. Laws § 554.524 (2026).
Text
MICHIGAN UNIFORM TRANSFERS TO MINORS ACT (EXCERPT) Act 433 of 1998 554.524 Definitions; F to P. Sec. 4.
(1)"Financial institution" means a bank, trust company, savings and loan association, or credit union chartered and supervised under state or federal law.
(2)"Legal representative" means an individual's personal representative or conservator.
(3)"Member of the minor's family" means the minor's parent, stepparent, spouse, grandparent, brother, sister, uncle, or aunt, whether of the whole or half blood or by adoption.
(4)"Minor" means an individual who is less than 18 years of age.
(5)"Person" means an individual, partnership, corporation, limited liability company, association, or other legal entity.
(6)"Personal representative" means a personal representative, independent personal
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Legislative History
1998, Act 433 , Imd. Eff. Dec. 30, 1998
Nearby Sections
15
§ 554.1011
Short title.§ 554.1012
Definitions.§ 554.1014
Applicability of act; scope; limitation.§ 554.1016
Appointment of receiver; circumstances; appointment without prior notice or hearing; security.§ 554.1018
Bond; alternative security.§ 554.1019
Status of receiver as lien creditor.§ 554.1022
Powers and duties of receiver.§ 554.1023
Duties of owner.§ 554.1024
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Bluebook (online)
Michigan § 554.524, Counsel Stack Legal Research, https://law.counselstack.com/statute/mi/554.524.