Michigan Code § 555.27

Express Trust; Appointment of New Trustee.
Open in Lexace · Ask the AI about this section
Sec. 27.
The chancellor shall have full power to appoint a new trustee, in the place of a trustee resigned or removed; and when, in consequence of such resignation or removal, there shall be no acting trustee, the court, in its discretion, may appoint new trustees, or cause the trust to be executed by 1 of its officers, under its direction.
History: R.S. 1846, Ch. 63 ;-- CL 1857, 2657 ;-- CL 1871, 4140 ;-- How. 5589 ;-- CL 1897, 8855 ;-- CL 1915, 11591 ;-- CL 1929, 12993 ;-- CL 1948, 555.27 Compiler's Notes: The office of chancellor, referred to in this section, was abolished by Act 23 of 1847.

‹ Prev All Michigan sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.