{"data":{"id":"us-mi/mich.-comp.-laws-441.101","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 441.101","heading":"Uniform fiduciary security transfer simplification act; definitions.","body":"Sec. 1.\n\nIn this act, unless the context otherwise requires:\n\n“Assignment” means any written stock power, bond power, bill of sale, deed, declaration of trust or other instrument of transfer.\n\n“Claim of beneficial interest” means a claim of any interest by a decedent's legatee, distributee, heir or creditor, a beneficiary under a trust, a ward, a beneficial owner of a security registered in the name of a nominee, or a minor owner of a security registered in the name of a custodian, or a claim of any similar interest, whether the claim is asserted by the claimant or by a fiduciary or by any other authorized person on his behalf, and includes a claim that the transfer would be in breach of fiduciary duties.\n\n“Corporation” means a private or public corporation, association or trust issuing a security.\n\n“Fiduciary” means an executor, administrator, trustee, guardian, committee, conservator, curator, tutor, custodian or nominee.\n\n“Person” includes an individual, a corporation, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, 2 or more persons having a joint or common interest, or any other legal or commercial entity.\n\n“Security” includes any share of stock, bond, debenture, note or other security issued by a corporation which is registered as to ownership on the books of the corporation.\n\n“Transfer” means a change on the books of a corporation in the registered ownership of a security.\n\n“Transfer agent” means a person employed or authorized by a corporation to transfer securities issued by the corporation.","path":["MI Code","Chapter 441","Act Act-239-of-1959"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-441-101","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"76c5fbcf474bd25873093d68e276a9e3b6af94d16414eb9af222a56b29644308","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-440.9994","next":"us-mi/mich.-comp.-laws-441.102"},"notice":"GroundRules: Original legal text. Not legal advice."}