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Authors

Henry S. Barnes

Publication Date

12-1950

Document Type

Survey Article

Abstract

The significant developments in the law of trusts during the year have been in the field of legislation. The 1950 session of the Legislature passed three bills: Act 5421 to exempt certain trust property from intangible taxes; Act 5432 to exempt the income derived from the same class of property from income taxes; and Act 7283 to prevent a trust from becoming executed so long as the trustee has active duties to perform.

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