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

700.7407 Evidence of oral trust.

68 words·~1 min read·/mi/chapter-700/700-7407

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700.7407 Evidence of oral trust.
Sec. 7407.
Except as required by a statute other than this article, a trust need not be evidenced by a trust instrument, but the creation of an oral trust and its terms may be established only by clear and convincing evidence.
History: 1998, Act 386 , Eff. Apr. 1, 2000 ;-- Am. 2009, Act 46 , Eff. Apr. 1, 2010
Popular Name: EPIC
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