Michigan Statutes
§ 554.535 — Time of control; holding constituting single custodianship.
Michigan § 554.535
JurisdictionMichigan
Ch. 554REAL AND PERSONAL PROPERTY
Act 433 of 1998MICHIGAN UNIFORM TRANSFERS TO MINORS ACT (554.521-554.552)
This text of Michigan § 554.535 (Time of control; holding constituting single custodianship.) 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 § 554.535 (2026).
Text
MICHIGAN UNIFORM TRANSFERS TO MINORS ACT (EXCERPT) Act 433 of 1998 554.535 Time of control; holding constituting single custodianship. Sec. 15.
(1)A transferor shall place the custodian in control of the custodial property as soon as practicable.
(2)A transfer shall be made only for 1 minor, and only 1 person shall be the custodian. Custodial property held under this act by the same custodian for the benefit of the same minor constitutes a single custodianship.
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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
Stay or injunction.Cite This Page — Counsel Stack
Bluebook (online)
Michigan § 554.535, Counsel Stack Legal Research, https://law.counselstack.com/statute/mi/554/554.535.