Michigan Laws 555.19 – Express trust; assignability of interest of beneficiary
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Terms Used In Michigan Laws 555.19
- person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
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.