Michigan Laws 555.501 – Short title
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 555.501
- Income: means money or property that a fiduciary receives as current return from a principal asset. See Michigan Laws 555.502
- Principal: means property held in trust for distribution to a remainder beneficiary when the trust terminates. See Michigan Laws 555.502
This act shall be known and may be cited as the “uniform principal and income act”.