14.251 Charitable trusts; supervision; application of act. Sec. 1. It is hereby declared to be the policy of the state that the people of the state are interested in the administration, operation and disposition of the assets of all charitable trusts in the state; and that the attorney general shall represent the people of the […]
14.252 Definitions. Sec. 2. (a) “Trustee” means any individual, group of individuals, association, foundation, trustee corporation, corporation, or other legal entity holding property for any charitable purpose. (b) “Charitable trust” means the relationship where a trustee holds property for a charitable purpose. History: 1961, Act 101, Eff. Sept. 8, 1961 ;– Am. 1965, Act 353, […]
14.253 Governmental and corporate exclusions; exceptions; registration and reporting requirements for irrevocable trusts; testamentary or inter vivos trusts not deemed as charitable. Sec. 3. (a) This act does not apply to the United States, any state, territory or possession of the United States, the district of Columbia, the commonwealth of Puerto Rico, or to any […]
14.254 Attorney general; jurisdiction and control; parties represented; powers and duties; probate of will; notice; procedures; register of trusts and trustees. Sec. 4. (a) The attorney general shall have jurisdiction and control and shall represent the people of the state and the uncertain or indefinite beneficiaries in all charitable trusts in this state, and may […]
14.255 Filing of trust instrument and inventory of assets; time. Sec. 5. Every trustee subject to this act who has received property for charitable purposes shall register and file with the attorney general, within 2 months after receiving possession or control of such property, a copy of the instrument providing for his title, powers or […]
14.256 Audit report; trustee’s report; distribution of assets; hearing; notice to attorney general; approval; rules; reports; suspension; trustee’s account; first report. Sec. 6. (a) Every trustee which solicits money from the public, directly or indirectly, shall within 6 months after the close of its fiscal year file a copy of its certified audit report of […]
14.257 Rules and regulations by attorney general. Sec. 7. The attorney general may make additional rules and regulations necessary for the administration of this act. History: 1961, Act 101, Eff. Sept. 8, 1961 Admin Rule: R 14.11 et seq. of the Michigan Administrative Code.
14.258 Investigation of transactions. Sec. 8. The attorney general may investigate transactions and relationships of trustees subject to this act for the purpose of determining whether the property held for charitable purposes is properly administered. He may require any agent, trustee, fiduciary, beneficiary, institution, association or corporation, or other person to appear, at a named […]
14.259 Order for appearance; enforcement. Sec. 9. When the attorney general requires the attendance of any person, as provided in section 8, he shall issue an order setting forth the time when and the place where attendance is required and shall cause the same to be delivered to or sent by registered mail to the […]
14.260 Register, copies of instruments and reports; public inspection. Sec. 10. Subject to reasonable rules and regulations adopted by the attorney general, the register, copies of instruments and the reports filed with the attorney general shall be opened to public inspection. History: 1961, Act 101, Eff. Sept. 8, 1961 Admin Rule: R 14.11 et seq. […]
14.261 Enforcement to ensure compliance with act; proper accounting; jurisdiction of courts. Sec. 11. The attorney general may institute appropriate proceedings to secure compliance with this act and to secure the proper accounting for the assets and administration of any charitable trust. The powers and duties of the attorney general provided in this act are […]
14.262 Application of act irrespective of contents of instrument. Sec. 12. This act shall apply regardless of any contrary provisions of any instrument. History: 1961, Act 101, Eff. Sept. 8, 1961
14.263 Custodians of public records; copies of instruments. Sec. 13. The custodian of the records of a court having jurisdiction of probate matters or of charitable trusts, and any custodian of records of any department, agency or political subdivision of this state shall furnish free of charge such copies of papers, records and files of […]
14.264 Applications for exemption from taxation; filing of list with attorney general. Sec. 14. Every officer, agency, board or commission of this state or political subdivision of this state or agencies thereof receiving applications for exemption from taxation of any charitable trust shall annually file with the attorney general a list of all applications received […]
14.265 Purpose and construction of act. Sec. 15. This act, in all of its provisions, in the interests of society and in conformity with public policy is intended to protect the rights and interest of the people of the state and the uncertain and indefinite beneficiaries of all charitable trusts, and shall be so construed […]
14.266 Short title. Sec. 16. This act shall be known and may be cited as the “supervision of trustees for charitable purposes act”. History: 1961, Act 101, Eff. Sept. 8, 1961 ;– Am. 1965, Act 353, Eff. Mar. 31, 1966
