700.2721 Construction as to age of majority. Sec. 2721. A provision contained in a governing instrument that makes reference to a “minor”, “age of majority”, or a similar phrase differentiating between an individual’s majority and minority status shall be construed to refer to the legal age of majority in effect at the time the governing […]
700.2722 Honorary trusts; trusts for pets. Sec. 2722. (1) Except as provided by another statute and subject to subsection (3), if a trust is for a specific lawful noncharitable purpose or for lawful noncharitable purposes to be selected by the trustee, and if there is no definite or definitely ascertainable beneficiary designated, the trust may […]
700.2723 Will, trust, or beneficiary designation of decedent who dies after December 31, 2009 and before January 1, 2011; presumption; retroactive effective date; “2010 federal tax relief act” defined. Sec. 2723. (1) Except as provided in subsection (3), for purposes of interpreting a will, trust, or beneficiary designation of or by a decedent who dies […]
