700.1508 Investment costs.
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/mi/chapter-700/700-1508A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
700.1508 Investment costs.
Sec. 1508.
In investing and managing fiduciary assets, a fiduciary may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the fiduciary estate, and the skills of the fiduciary.
History: 1998, Act 386 , Eff. Apr. 1, 2000
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