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11 chapters · 89 sections in this title.
Mich. Comp. Laws § 555.1 Uses and trusts; extent of abolition; interests deemed legal.
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Sec. 1. Uses and trusts, except as authorized and modified in this chapter, are abolished, and every estate and interest in lands shall be deemed a legal right, cognizable as such in the courts of law, except when otherwise provided in this title.
Mich. Comp. Laws § 555.10 Implied or resulting trust; validity against bona fide purchaser.
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Sec. 10. No implied or resulting trust shall be alleged or established to defeat or prejudice the title of a purchase, for a valuable consideration, and without notice of such trust.
Mich. Comp. Laws § 555.11 Express trust; purpose of creation.
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Sec. 11. Express trusts may be created for any or either of the following purposes: First. To sell lands for the benefit of creditors: Second. To sell, mortgage or lease lands, for the benefit of legatees, or for the purpose of satisfying any charge thereon: Third. To receive the…
Mich. Comp. Laws § 555.12 Devise to trustee without power to receive rents and profits; estate of trustee; effect on trust.
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Sec. 12. A devise of lands to executors or other trustees, to be sold or mortgaged, when such trustees are not also empowered to receive the rents and profits, shall vest no estate in the trustees; but the trust shall be valid as a power, and the lands shall descend to the heirs,…