Mich. Comp. Laws § 700.7403

Current through Public Act 156 of the 2024 Legislative Session

Section 700.7403 - Trusts created in other jurisdictions

A trust not created by will is validly created if its creation complies with the law of the jurisdiction in which the trust instrument was executed or the law of a jurisdiction to which, at the time of creation, any of the following applied:

(a) The settlor was domiciled, had a place of abode, or was a national in the jurisdiction.

(b) A trustee was domiciled or had a place of business in the jurisdiction.

(c) Any trust property was located in the jurisdiction.

MCL 700.7403

Amended by 2009, Act 46,s 67 , eff. 4/1/2010.

1998, Act 386, Eff. 4/1/2000.