Mich. Comp. Laws § 555.19

Current through Public Act 156 of the 2024 Legislative Session

Section 555.19 - Express trust; assignability of interest of beneficiary

No person beneficially interested in a trust for the receipt of the rents and profits of lands, can assign or in any manner dispose of such interest; but the rights and interest of every person for whose benefit a trust for the payment of a sum in gross is created, are assignable.

MCL 555.19

R.S. 1846, Ch. 63 ;--CL 1857, 2649 ;--CL 1871, 4132 ;--How. 5581 ;--CL 1897, 8847 ;--CL 1915, 11583 ;--CL 1929, 12985 ;--CL 1948, 555.19.