Section 14.278 - Amendment of trust instrument.
CHARITABLE TRUSTEES POWERS ACT (EXCERPT)
Act 78 of 1971
14.278 Amendment of trust instrument.
Sec. 8.
(1) In the case of a trust which is solely for named public charitable organizations and as to which the trustee does not possess any discretion with regard to the distribution of income or principal among 2 or more organizations, the trustee, with the consent of the named public charitable organizations, may amend the governing instrument to comply with subsection (2) of section 5.
(2) If a charitable trust is not subject to subsection (1) of section 8, the trustee with the consent of the attorney general may amend the governing instrument to comply with subsection (2) of section 5.
History: 1971, Act 78, Imd. Eff. July 31, 1971