Section 14.284 – Effect of Delivery of Release and Acceptance Thereof; Supervisory Authority of Public Charitable Organization.
14.284 Effect of delivery of release and acceptance thereof; supervisory authority of public charitable organization. Sec. 14. (1) The trustee, by delivery of the release or execution of the election, and each specified public charitable organization, by accepting delivery of the release as provided in subsection (1) of section 11 or by consenting to the […]
Section 14.285 – Termination or Dissolution of Private Foundation Trust; Consent of Attorney General.
14.285 Termination or dissolution of private foundation trust; consent of attorney general. Sec. 15. (1) The attorney general may consent to termination or dissolution of a private foundation trust without the necessity of court proceedings if the trust does all of the following: (a) Gives notice to the attorney general of its intended termination or […]
Section 14.286 – Action to Enforce Act.
14.286 Action to enforce act. Sec. 16. The attorney general may bring an action in the circuit court for the county where the charitable trust is located or in the circuit court for Ingham county to do any of the following: (a) Require the trustee of a charitable trust subject to this act to comply […]
Section 14.271 – Short Title.
14.271 Short title. Sec. 1. This act shall be known and may be cited as the “charitable trustees powers act”. History: 1971, Act 78, Imd. Eff. July 31, 1971
Section 14.287 – Interpretation of Act.
14.287 Interpretation of act. Sec. 17. This act shall be interpreted to effectuate the intent of this state to preserve, foster and encourage gifts to or for the benefit of public charitable organizations. History: 1971, Act 78, Imd. Eff. July 31, 1971
Section 14.272 – Definitions.
14.272 Definitions. Sec. 2. As used in this act: (a) “IRC” means the internal revenue code of 1954 as in effect on January 1, 1970. (b) “Private foundation trust” means a trust, including a trust described in section 4947(a)(1) of the IRC, as defined in section 509(a) of the IRC. (c) “Public charitable organization” means […]
Section 14.273 – Applicability of Act.
14.273 Applicability of act. Sec. 3. The provisions of this act that are applicable to a split interest trust, a private foundation trust, public charitable organization or any other trust, apply to such entities, whether created before or after the effective date of this act. History: 1971, Act 78, Imd. Eff. July 31, 1971