Michigan § 555.302 Trusts of property for employees; accumulation of trust income.

Michigan Statutes

§ 555.302 — Trusts of property for employees; accumulation of trust income.

Michigan § 555.302

Ch. 555USES AND TRUSTS

Act 193 of 1947TRUSTS OF PROPERTY FOR EMPLOYEES (555.301-555.302)

This text of Michigan § 555.302 (Trusts of property for employees; accumulation of trust income.) 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 § 555.302 (2026).

Text

TRUSTS OF PROPERTY FOR EMPLOYEES (EXCERPT) Act 193 of 1947 555.302 Trusts of property for employees; accumulation of trust income. Sec.

2.The income arising from any trust within the classifications mentioned in the preceding section may be permitted to accumulate in accordance with the terms of such trust for as long a time as may be necessary to accomplish the purposes for which the same was created, notwithstanding any existing law or laws limiting the period during which trust income may be accumulated.

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TRUSTS OF PROPERTY FOR EMPLOYEES (EXCERPT) Act 193 of 1947 555.302 Trusts of property for employees; accumulation of trust income. Sec. 2. The income arising from any trust within the classifications mentioned in the preceding section may be permitted to accumulate in accordance with the terms of such trust for as long a time as may be necessary to accomplish the purposes for which the same was created, notwithstanding any existing law or laws limiting the period during which trust income may be accumulated.