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

700.7801 Administration of trust; duties of trustee.

57 words·~1 min read·/mi/chapter-700/700-7801

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700.7801 Administration of trust; duties of trustee.
Sec. 7801.
Upon acceptance of a trusteeship, the trustee shall administer the trust in good faith, expeditiously, in accordance with its terms and purposes, for the benefit of the trust beneficiaries, and in accordance with this article.
History: Add. 2009, Act 46 , Eff. Apr. 1, 2010
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