For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Time of control; holding constituting single custodianship.

MCL 554.535
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
554.535. Time of control; holding constituting single custodianship. Sec. 15. (1) A transferor shall place the custodian in control of the custodial property as soon as practicable. (2) A transfer shall be made only for 1 minor, and only 1 person shall be the custodian. Custodial property held under this act by the same custodian for the benefit of the same minor constitutes a single custodianship. 1998, Act 433, Imd. Eff. Dec. 30, 1998
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-554-535Fetched: 10/20/2026

Starting a business in Michigan? Michigan LLC guide: costs and requirements