Section 600.3368 - Division of property among cestuis que trust in lieu of sale; procedure when all parties consent.
REVISED JUDICATURE ACT OF 1961 (EXCERPT)
Act 236 of 1961
600.3368 Division of property among cestuis que trust in lieu of sale; procedure when all parties consent.
Sec. 3368.
Such division or distribution of a trust estate may be made by a trustee without obtaining the authority of the court as aforesaid, when all the persons who would be entitled to share in the proceeds of the sale of such estate consent thereto in writing, and such trustee shall make such division and distribution when all of the parties interested as aforesaid so request in writing.
History: 1961, Act 236, Eff. Jan. 1, 1963