Statutes > Michigan Statutes > Chapter 554 - REAL AND PERSONAL PROPERTY > Act 433 of 1998 - MICHIGAN UNIFORM TRANSFERS TO MINORS ACT (554.521 - 554.552) > Section 554.532 - Custodial property; receipt and discharge.

Section 554.532 - Custodial property; receipt and discharge.

MICHIGAN UNIFORM TRANSFERS TO MINORS ACT (EXCERPT)
Act 433 of 1998

554.532 Custodial property; receipt and discharge.

Sec. 12.

A written acknowledgment of delivery by a custodian constitutes a sufficient receipt and discharge for custodial property transferred to the custodian pursuant to this act.


History: 1998, Act 433, Imd. Eff. Dec. 30, 1998