To revise details of a law that provides procedures for trustees administering an estate in separating income (which is distributed to current beneficiaries) from principle (which will eventually be distributed to remainder beneficiaries). The bill incorporates into Michigan statute revisions recommended by the National Conference of Commissioners on Uniform State Laws.
38 Yeas / 0 Nays | |
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Democrat (12 Yeas / 0 Nays) | |
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