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

700.1509 Reviewing compliance.

60 words·~1 min read·/mi/chapter-700/700-1509

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700.1509 Reviewing compliance.
Sec. 1509.
Compliance with the prudent investor rule is determined in light of the facts and circumstances that exist at the time of a fiduciary's decision or action, and not by hindsight. The prudent investor rule requires a standard of conduct, not outcome or performance.
History: 1998, Act 386 , Eff. Apr. 1, 2000
Popular Name: EPIC
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