Michigan § 555.442 Acts of nominee, federal reserve bank, and clearing corporation deemed acts of corporation acting as fiduciary.

Michigan Statutes

§ 555.442 — Acts of nominee, federal reserve bank, and clearing corporation deemed acts of corporation acting as fiduciary.

Michigan § 555.442

Ch. 555USES AND TRUSTS

Act 56 of 1957CORPORATE FIDUCIARY STOCKHOLDERS (555.441-555.447)

This text of Michigan § 555.442 (Acts of nominee, federal reserve bank, and clearing corporation deemed acts of corporation acting as fiduciary.) 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 § 555.442 (2026).

Text

CORPORATE FIDUCIARY STOCKHOLDERS (EXCERPT) Act 56 of 1957 555.442 Acts of nominee, federal reserve bank, and clearing corporation deemed acts of corporation acting as fiduciary. Sec.

2.The acts of a nominee in connection with property held by the nominee shall be deemed to be the acts of the corporation acting as fiduciary. The acts of a federal reserve bank in connection with property held by it, as provided in section 4, and the acts of a clearing corporation in connection with property held by it, as provided in section 5, shall be deemed to be the acts of the corporation acting as fiduciary.

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CORPORATE FIDUCIARY STOCKHOLDERS (EXCERPT) Act 56 of 1957 555.442 Acts of nominee, federal reserve bank, and clearing corporation deemed acts of corporation acting as fiduciary. Sec. 2. The acts of a nominee in connection with property held by the nominee shall be deemed to be the acts of the corporation acting as fiduciary. The acts of a federal reserve bank in connection with property held by it, as provided in section 4, and the acts of a clearing corporation in connection with property held by it, as provided in section 5, shall be deemed to be the acts of the corporation acting as fiduciary.