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 700.7816 General powers of trustee.

700.7816 General powers of trustee.

Sec. 7816.

(1) A trustee, without authorization by the court, may exercise all of the following:

(a) Powers conferred by the terms of the trust.

(b) Except as limited by the terms of the trust, all of the following:

(i) All powers over the trust property that an unmarried competent owner has over individually owned property.

(ii) Any other powers appropriate to achieve the proper investment, management, and distribution of the trust property.

(iii) Any other powers conferred by this article.

(2) The exercise of a power is subject to the fiduciary duties prescribed by this article.

History: Add. 2009, Act 46, Eff. Apr. 1, 2010
Popular Name: EPIC