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.
Barnes, Henry S.
Mercer Law Review: Vol. 2:
1, Article 24.
Available at: https://digitalcommons.law.mercer.edu/jour_mlr/vol2/iss1/24