MCL - Index of 386-1998-VII-8
NOTE: Dates reflect any modification to item, not necessarily a change in law.
| Title | Subject |
|---|---|
| 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| Section 700.7809 | Repealed. 2018, Act 664, Eff.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. |