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Public Act Number: 46
Public Act Year: 2009
Document Type(s): MCLs
(142 results found)
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Document Type Description
Section 700.1103 Section Definitions; "cost of living adjustment factor"; A to D.
Section 700.1104 Section Definitions; E to H.
Section 700.1105 Section Definitions; I to L.
Section 700.1106 Section Definitions; M to P.
Section 700.1107 Section Definitions; R to T.
Section 700.1201 Section Purposes; rules of construction.
Section 700.1209 Section Acts by holder of power of appointment.
Section 700.1210 Section Cost-of-living adjustment.
Section 700.1212 Section Fiduciary relationship.
Section 700.1214 Section Fiduciary; prohibited conduct.
Section 700.1308 Section Breach of duty; remedies; order for accounting.
Section 700.1403 Section Formal proceeding; pleadings; parties bound by others; notice.
Section 700.1507 Section Impartiality.
Section 700.2501 Section Will; maker; sufficient mental capacity.
Section 700.2504 Section Self-proved will.
Section 700.2511 Section Testamentary additions to trusts.
Section 700.2519 Section Statutory will.
Section 700.2705 Section Choice of law as to meaning and effect of governing instrument.
Section 700.2901 Section Short title of part; definitions.
Section 700.2904 Section Delivery; timing; appropriate persons.
Section 700.2907 Section Disposition of disclaimed interest; effect on future interest.
Section 700.3104 Section Claim against decedent; necessity of administration.
Section 700.3403 Section Formal testacy proceedings; notice of hearing on petition.
Section 700.3703 Section General duties; relation and liability to persons interested in estate; standing to sue; accounting.
Section 700.3705 Section Appointment of personal representative; notice requirements.
Section 700.3713 Section Sale, encumbrance, or transaction involving conflict of interest; voidable; exceptions; presumption; compliance with Michigan prudent investor rule; exceptions.
Section 700.3715 Section Transactions authorized for personal representatives.
Section 700.3801 Section Notice of creditors.
Section 700.3803 Section Limitations on time for presentation of claims.
Section 700.3805 Section Priority of claim payments; insufficient assets.
Section 700.3914 Section Agreements among successors to decedent binding on personal representative.
Section 700.3915 Section Distribution to trustee.
Section 700.5407 Section Permissible court orders.
Section 700.5421 Section Sale, encumbrance, or transaction involving conflict of interest; voidable; presumption; compliance with Michigan prudent investor rule; exceptions.
Section 700.6101 Section Effect of death.
Section 700.7101 Section Short title of article.
Section 700.7102 Section Scope.
Section 700.7103 Section Definitions.
Section 700.7105 Section Duties and powers of trustee; provisions of law prevailing over terms of trust.
Section 700.7107 Section Governing law.
Section 700.7108 Section Principal place of administration.
Section 700.7109 Section Notice; methods; waiver.
Section 700.7110 Section Others treated as qualified beneficiaries.
Section 700.7111 Section Nonjudicial settlement agreement.
Section 700.7112 Section Rules of construction.
Section 700.7113 Section Penalty clause for contest of trust.
Section 700.7201 Section Role of court in administration of trust.
Section 700.7202 Section Jurisdiction over trustee and beneficiaries.
Section 700.7203 Section Subject matter jurisdiction.
Section 700.7204 Section Venue.
Section 700.7205 Section Trust proceedings; dismissal of matters relating to foreign trusts.
Section 700.7206 Section Court; concurrent jurisdiction of litigation involving trusts and third parties.
Section 700.7207 Section Proceedings; review of employment of agents and compensation of trustee and employees of trustee.
Section 700.7208 Section Trust proceedings; initiation by notice; interested persons.
Section 700.7209 Section Registration of trust.
Section 700.7210 Section Registration procedures.
Section 700.7211 Section Registration; qualification of foreign trustee.
Section 700.7301 Section Representation; effect.
Section 700.7302 Section Representation; conflict of interest; holder of power of revocation or amendment or power of appointment.
Section 700.7303 Section Representation by fiduciaries and parents.
Section 700.7304 Section Representation by person having substantially identical interest.
Section 700.7305 Section Appointment of representative.
Section 700.7401 Section Creating trust; methods.
Section 700.7402 Section Creating trust; requirements.
Section 700.7403 Section Trusts created in other jurisdictions.
Section 700.7404 Section Trust purposes.
Section 700.7405 Section Charitable trusts; purposes; enforcement.
Section 700.7406 Section Creation of trust induced by fraud, duress, or undue influence.
Section 700.7407 Section Evidence of oral trust.
Section 700.7410 Section Modification or termination of trust; procedures for approval or disapproval.
Section 700.7411 Section Modification or termination of noncharitable trust; consent; "settlor's representative" defined.
Section 700.7412 Section Modification or termination of trust; unanticipated circumstances or inability to administer effectively.
Section 700.7413 Section Cy pres.
Section 700.7414 Section Termination or modification of noncharitable trust; section inapplicable to easement for conservation or preservation.
Section 700.7415 Section Reformation to correct mistakes.
Section 700.7416 Section Modification to achieve settlor's tax objectives; retroactive effect.
Section 700.7417 Section Division or consolidation of trusts.
Section 700.7501 Section Application; purposes.
Section 700.7502 Section Spendthrift provision.
Section 700.7503 Section Trust for support.
Section 700.7504 Section Spendthrift provision or support provision; exceptions; "child" defined.
Section 700.7505 Section Discretionary trust; effect of standard; right of transferee or creditor.
Section 700.7506 Section Creditor's claim against settlor; "settlor" explained.
Section 700.7507 Section Overdue distribution; "mandatory distribution" defined.
Section 700.7508 Section Personal obligations of trustee.
Section 700.7601 Section Capacity of settlor of revocable trust.
Section 700.7602 Section Revocation or amendment of revocable trust.
Section 700.7603 Section Powers of settlor; exceptions; settlor as incapacitated individual; powers of withdrawal; actions by predecessor trustee.
Section 700.7604 Section Proceeding to contest validity of revocable trust; limitation; distribution of property; liability.
Section 700.7605 Section Liability of trust for expenses, claims, and allowances.
Section 700.7606 Section Payment of expenses and obligations of settlor's estate; duty of trustee.
Section 700.7607 Section Rules regarding payment of expenses and obligations; priority; decedent as settlor of more than 1 trust.
Section 700.7608 Section Duty of trustee to give notice.
Section 700.7609 Section Presentation of claims against trust.
Section 700.7610 Section Presentation of claims to assert liability; time limitation; exceptions.
Section 700.7611 Section Allowance or disallowance of claims against revocable trust.
Section 700.7612 Section Payment of claims by trustee.
Section 700.7613 Section Secured claims; payment; basis.
Section 700.7614 Section Claims due at future time, contingent claim, or unliquidated claim.
Section 700.7615 Section Counterclaims of trustee.
Section 700.7701 Section Acceptance or rejection of trusteeship.
Section 700.7702 Section Trustee's bond.
Section 700.7703 Section Cotrustees; powers and duties; relief of liability.
Section 700.7704 Section Vacancy in trusteeship; manner of filling; priority; appointment by court of additional trustee or fiduciary; definitions.
Section 700.7705 Section Resignation of trustee; circumstances; issuance of orders and conditions; liability.
Section 700.7706 Section Removal of trustee.
Section 700.7707 Section Delivery of property by former trustee.
Section 700.7708 Section Compensation of trustee.
Section 700.7709 Section Reimbursement of expenses; advance of money as lien; advances and reimbursement not as self-dealing or breach of fiduciary duty.
Section 700.7801 Section Administration of trust; duties of trustee.
Section 700.7802 Section Duty of loyalty.
Section 700.7803 Section Impartiality; use of standards of Michigan prudent investor rule.
Section 700.7808 Section Settlor's power to direct contrary to trust terms.
Section 700.7810 Section Control and protection of trust property.
Section 700.7811 Section Recordkeeping and identification of trust property.
Section 700.7812 Section Enforcement and defense of claims.
Section 700.7813 Section 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 Section Duty to inform and report.
Section 700.7815 Section Discretionary powers; abuse; liability to beneficiary; rules; effect of limited or prohibited powers; exceptions.
Section 700.7816 Section General powers of trustee.
Section 700.7817 Section Specific powers of trustee.
Section 700.7818 Section Environmental concerns or hazards; powers of trustee.
Section 700.7819 Section Tax matters; powers of trustee.
Section 700.7820 Section Payment provisions; facility.
Section 700.7821 Section Distribution upon termination.
Section 700.7901 Section Remedies for breach of trust.
Section 700.7902 Section Breach of trust; liability; damages.
Section 700.7903 Section Damages in absence of breach.
Section 700.7904 Section Attorney fees and costs; receipt of expenses and disbursements; reduction or denial of claim with respect to breach of trust.
Section 700.7905 Section Commencement of proceedings; limitations.
Section 700.7906 Section Reliance on trust instrument.
Section 700.7907 Section Event affecting administration or distribution.
Section 700.7908 Section Exculpation of trustee.
Section 700.7909 Section Beneficiary's consent, release, or ratification of transaction.
Section 700.7910 Section Personal liability of trustee; limitation.
Section 700.7911 Section Interest as general partner.
Section 700.7912 Section Protection of person dealing with trustee.
Section 700.7913 Section Certificate of trust.
Section 700.8201 Section Construction of article VII.
Section 700.8202 Section Electronic records and signatures.
Section 700.8204 Section Effective date.
Section 700.8206 Section Application to existing relationships.