# MCL 555.503

MCL 555.503, “Duties of fiduciary; allocation of receipts and disbursements to or between principal and income; discretionary…”, is an MCL section of [2004 PA 159](https://ontology.bommaritollc.com/id/01a0d565-1d6b-7145-bb73-8b41d35dabf9) (Uniform Principal and Income Act); in force.

IRI: <https://ontology.bommaritollc.com/id/01a0d565-8bbd-7625-b0aa-58d927d34830>

Within: [2004 PA 159](https://ontology.bommaritollc.com/id/01a0d565-1d6b-7145-bb73-8b41d35dabf9) › [2004 PA 159, Article 1](https://ontology.bommaritollc.com/id/01a0e4d7-ffaf-7578-9f48-3e69d2e7d6bd)

Type: [schema:Legislation](https://schema.org/Legislation)

- `adms:identifier`: [mcl-object mcl-555-503](https://ontology.bommaritollc.com/id/01a0d565-8bbe-774b-a773-d578763ce50b)
- `eli:cites`: [MCL 555.504](https://ontology.bommaritollc.com/id/01a0d565-8bb2-734a-91b8-d7a13e5d7d7b)
- `prov:wasDerivedFrom`:
  - [evidence from https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-555-503](https://ontology.bommaritollc.com/id/01a0d565-8bbd-7625-b0aa-58d80202ca80)
  - [evidence from https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-555-503](https://ontology.bommaritollc.com/id/01a0e4d8-4982-7561-9e5b-fd11749f029a)
  - [evidence from https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-555-503](https://ontology.bommaritollc.com/id/01a0e5ab-cf65-707a-8384-fbfaa438b6f4)
- `schema:isPartOf`:
  - [2004 PA 159](https://ontology.bommaritollc.com/id/01a0d565-1d6b-7145-bb73-8b41d35dabf9)
  - [2004 PA 159, Article 1](https://ontology.bommaritollc.com/id/01a0e4d7-ffaf-7578-9f48-3e69d2e7d6bd)
- `schema:legislationIdentifier`: MCL 555.503
- `schema:legislationJurisdiction`: [Michigan](https://ontology.bommaritollc.com/id/01a0ca47-57ff-7219-9e2f-cdc1b39bd0fa)
- `schema:legislationLegalForce`: [schema:InForce](https://schema.org/InForce)
- `schema:legislationType`: [MCL section](https://ontology.bommaritollc.com/vocab/leg/mclSection)
- `schema:name`: Duties of fiduciary; allocation of receipts and disbursements to or between principal and income; discretionary power; impartiality.
- `schema:url`: [https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-555-503](https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-555-503)
- `skos:prefLabel`: MCL 555.503

## Elsewhere

- [Official page](https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-555-503) (www.legislature.mi.gov)

## Pointing here

- Its cites, from (1; `eli:cites`):
  - [MCL 555.504](https://ontology.bommaritollc.com/id/01a0d565-8bb2-734a-91b8-d7a13e5d7d7b)

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Cite as: MCL 555.503. bc-ontology, release 0.1.0-rc15, 2026-09-28. https://ontology.bommaritollc.com/id/01a0d565-8bbd-7625-b0aa-58d927d34830
Release 0.1.0-rc15, graph hash 90961d0d6b29954f5f0257ebc2d1d12c6ce580def6a2f45cbf04d248aa879e72.