Michigan § 555.113 Common trust funds; court accountings; jurisdiction of probate court.

Michigan Statutes

§ 555.113 — Common trust funds; court accountings; jurisdiction of probate court.

Michigan § 555.113

Ch. 555USES AND TRUSTS

Act 174 of 1941COLLECTIVE INVESTMENT FUNDS ACT (555.101-555.113)

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Bluebook

Mich. Comp. Laws § 555.113 (2026).

Text

COLLECTIVE INVESTMENT FUNDS ACT (EXCERPT) Act 174 of 1941 555.113 Common trust funds; court accountings; jurisdiction of probate court. Sec.

13.Unless ordered by a court of competent jurisdiction, a financial institution administering a fund is not required to provide an accounting to a court with regard to the fund. By application to the state probate court with jurisdiction for a county in this state where the financial institution has its principal office, a financial institution may secure approval of an accounting under the conditions established by the court.

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COLLECTIVE INVESTMENT FUNDS ACT (EXCERPT) Act 174 of 1941 555.113 Common trust funds; court accountings; jurisdiction of probate court. Sec. 13. Unless ordered by a court of competent jurisdiction, a financial institution administering a fund is not required to provide an accounting to a court with regard to the fund. By application to the state probate court with jurisdiction for a county in this state where the financial institution has its principal office, a financial institution may secure approval of an accounting under the conditions established by the court.