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Form a Business

Common trust funds; court accountings; jurisdiction of probate court.

MCL 555.113
in effect
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555.113. Common trust funds; court accountings; jurisdiction of probate court. Sec. 13. Unless ordered by a court of competent jurisdiction, a financial institution administering a fund is not required to provide an accounting to a court with regard to the fund. By application to the state probate court with jurisdiction for a county in this state where the financial institution has its principal office, a financial institution may secure approval of an accounting under the conditions established by the court. 1941, Act 174, Eff. Jan. 10, 1942; CL 1948, 555.113; Am. 2004, Act 586, Imd. Eff. Jan. 4, 2005 [PopularName] Common Trust Fund Act
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-555-113Fetched: 10/20/2026

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