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2021 Michigan Compiled Laws
Chapter 700 - Estates and Protected Individuals Code
Act 386 of 1998 - Estates and Protected Individuals Code (700.1101 - 700.8206)
Article I - Definitions, General Provisions, and Court Jurisdiction (700.1101...700.1512)
386-1998-I-5 - Part 5 Prudent Investor Rule (700.1501...700.1512)
Section 700.1509 - Reviewing Compliance.
Universal Citation: MI Comp L § 700.1509 (2021)
700.1509 Reviewing compliance.
Sec. 1509.
Compliance with the prudent investor rule is determined in light of the facts and circumstances that exist at the time of a fiduciary's decision or action, and not by hindsight. The prudent investor rule requires a standard of conduct, not outcome or performance.
History: 1998, Act 386, Eff. Apr. 1, 2000
Popular Name: EPIC
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