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11 chapters · 89 sections in this title.
Mich. Comp. Laws § 555.301 Trust of property for employees; effect of rule against perpetuities.
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Sec. 1. A trust of any kind of property created by an employer as part of a stock bonus plan, pension plan, disability or death benefit plan, or profit-sharing plan, for the exclusive benefit of some or all of his employees, to which contributions are made by such employer or emp…
Mich. Comp. Laws § 555.302 Trusts of property for employees; accumulation of trust income.
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Sec. 2. The income arising from any trust within the classifications mentioned in the preceding section may be permitted to accumulate in accordance with the terms of such trust for as long a time as may be necessary to accomplish the purposes for which the same was created, notw…