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

700.7508 Personal obligations of trustee.

70 words·~1 min read·/mi/chapter-700/700-7508

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700.7508 Personal obligations of trustee.
Sec. 7508.
Trust property is not subject to personal obligations of the trustee, even if the trustee becomes insolvent or bankrupt.
History: 1998, Act 386 , Eff. Apr. 1, 2000 ;-- Am. 2000, Act 177 , Imd. Eff. June 20, 2000 ;-- Am. 2005, Act 204 , Imd. Eff. Nov. 10, 2005 ;-- Am. 2009, Act 46 , Eff. Apr. 1, 2010
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