Mich. Comp. Laws § 555.113

Current through Public Act 122 of the 2024 Legislative Session
Section 555.113 - Common trust funds; court accountings; jurisdiction of probate court

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.

MCL 555.113

Amended by 2004, Act 586, s 15, eff. 1/4/2005.
1941, Act 174, Eff. 1/10/1942 ;--CL 1948, 555.113.