Mich. Comp. Laws § 700.7803

Current through Public Act 151 of the 2024 Legislative Session
Section 700.7803 - Impartiality; use of standards of Michigan prudent investor rule

The trustee shall act as would a prudent person in dealing with the property of another, including following the standards of the Michigan prudent investor rule. If the trustee has special skills or is named trustee on the basis of representation of special skills or expertise, the trustee is under a duty to use those skills.

MCL 700.7803

Added by 2009, Act 46,s 114 , eff. 4/1/2010.