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

700.1512 Application to existing fiduciary estates.

70 words·~1 min read·/mi/chapter-700/700-1512

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700.1512 Application to existing fiduciary estates.
Sec. 1512.
The Michigan prudent investor rule applies to a fiduciary estate that exists on or is created after this act's effective date. As applied to a fiduciary estate that exists on this act's effective date, the Michigan prudent investor rule governs only a decision or action that occurs after that date.
History: 1998, Act 386 , Eff. Apr. 1, 2000
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