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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 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- Section 700.7809 - Repealed. 2018, Act 664, Eff. Mar. 29, 2019.
- 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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