Sec. 19. No person beneficially interested in a trust for the receipt of the rents and profits of lands, can assign or in any manner dispose of such interest; but the rights and interest of every person for whose benefit a trust for the payment of a sum in gross is created, are assignable.
Express trust; assignability of interest of beneficiary.
Mich. Comp. Laws § 555.19, under Revised Statutes of 1846.
Mich. Comp. Laws § 555.19