14.284 Effect of delivery of release and acceptance thereof; supervisory authority of public charitable organization.
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14.284 Effect of delivery of release and acceptance thereof; supervisory authority of public charitable organization.
Sec. 14.
(1)The trustee, by delivery of the release or execution of the election, and each specified public charitable organization, by accepting delivery of the release as provided in subsection
(1)of section 11 or by consenting to the election in section 12, agree that the public charitable organization,
(a)shall compel the proper administration of the trust;
(b)may inspect the books, records, memoranda, papers, documents of title and evidence of assets, liabilities, receipts or disbursements in possession or control of the trustee or other person having custody of the books and records; and
(c)may require such other information as the public charitable organization deems necessary to compel proper administration of the trust.
(2)The supervisory authority granted a public charitable organization is in addition to the supervisory authority of the attorney general over charitable trusts under common law and the statutes of this state.
History: 1971, Act 78, Imd. Eff. July 31, 1971