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

700.7907 Event affecting administration or distribution.

84 words·~1 min read·/mi/chapter-700/700-7907

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700.7907 Event affecting administration or distribution.
Sec. 7907.
If the happening of an event, including, but not limited to, marriage, divorce, performance of educational requirements, attainment of a specific age, or death, affects the administration or distribution of a trust, a trustee who has exercised reasonable care to ascertain the happening of the event is not liable for a loss resulting from the trustee's lack of knowledge or lack of notice.
History: Add. 2009, Act 46 , Eff. Apr. 1, 2010
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