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Code · Michigan · Chapter 700 — Estates and Protected Individuals Code

700.1501 Short title of part; definitions.

82 words·~1 min read·/mi/chapter-700/700-1501

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700.1501 Short title of part; definitions.
Sec. 1501.
(1)This part shall be known and may be cited as the "Michigan prudent investor rule". This part prescribes the Michigan prudent investor rule.
(2)As used in this part:
(a)"Governing instrument" includes, but is not limited to, a court order.
(b)"Portfolio" means all property of every kind and character held by a fiduciary on behalf of a fiduciary estate.
History: 1998, Act 386 , Eff. Apr. 1, 2000
Popular Name: EPIC
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