Mich. Comp. Laws § 555.27

Current through Public Act 171 of the 2024 Legislative Session

Section 555.27 - Express trust; appointment of new trustee

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.

MCL 555.27

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.