There is a newer version of the Michigan Compiled Laws
2016 Michigan Compiled Laws
Chapter 700 - Estates and Protected Individuals Code
Act 386 of 1998 ESTATES AND PROTECTED INDIVIDUALS CODE (700.1101 - 700.8206)
386-1998-VII ARTICLE VII MICHIGAN TRUST CODE (700.7101...700.7913)
386-1998-VII-8 PART 8 DUTIES AND POWERS OF TRUSTEE (700.7801...700.7821)
- Section 700.7801 Administration of trust; duties of trustee.
- Section 700.7802 Duty of loyalty.
- Section 700.7803 Impartiality; use of standards of Michigan prudent investor rule.
- Section 700.7808 Settlor's power to direct contrary to trust terms.
- Section 700.7809 Trust protector; exercise of powers.
- Section 700.7810 Control and protection of trust property.
- Section 700.7811 Recordkeeping and identification of trust property.
- Section 700.7812 Enforcement and defense of claims.
- Section 700.7813 Duty to locate trust property and compel delivery; retention of reserve for payment of expenses; improper distribution or payment from trust; wrongful conversion.
- Section 700.7814 Duty to inform and report.
- Section 700.7815 Discretionary powers; abuse; liability to beneficiary; rules; effect of limited or prohibited powers; exceptions.
- Section 700.7816 General powers of trustee.
- Section 700.7817 Specific powers of trustee.
- Section 700.7818 Environmental concerns or hazards; powers of trustee.
- Section 700.7819 Tax matters; powers of trustee.
- Section 700.7820 Payment provisions; facility.
- Section 700.7820a Irrevocable trust including discretionary trust provision; distribution; definitions.
- Section 700.7821 Distribution upon termination.
Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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