700.8201 Construction of article VII.
111 words·~1 min read·
/mi/chapter-700/700-8201A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
700.8201 Construction of article VII.
Sec. 8201.
(1)Article VII shall be construed and applied to promote its underlying purposes and policies.
(2)The following are the underlying purposes and policies of article VII:
(a)To make more comprehensive and to clarify the law governing trusts in this state.
(b)To permit the continued expansion and development of trust practices through custom, usage, and agreement of the parties.
(c)To foster certainty in the law so that settlors of trusts will have confidence that their instructions will be carried out as expressed in the terms of the trust.
History: Add. 2009, Act 46 , Eff. Apr. 1, 2010
Popular Name: EPIC