{"data":{"id":"us-mi/mich.-comp.-laws-554.535","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 554.535","heading":"Time of control; holding constituting single custodianship.","body":"Sec. 15.\n\nA transferor shall place the custodian in control of the custodial property as soon as practicable.\n\nA transfer shall be made only for 1 minor, and only 1 person shall be the custodian. Custodial property held under this act by the same custodian for the benefit of the same minor constitutes a single custodianship.","path":["MI Code","Chapter 554","Act Act-433-of-1998"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-554-535","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"400099960e2689450a09e3e8b90f713452e1ec9a487ddd9cfbc47a057f832c3a","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-554.534","next":"us-mi/mich.-comp.-laws-554.536"},"notice":"GroundRules: Original legal text. Not legal advice."}