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Section 700.1501

ESTATES AND PROTECTED INDIVIDUALS CODE (EXCERPT)
Act 386 of 1998


700.1501 Short title of part; definitions.

Sec. 1501.

  (1) This part shall be known and may be cited as the "Michigan prudent investor rule". This part prescribes the Michigan prudent investor rule.
  (2) As used in this part:
  (a) "Governing instrument" includes, but is not limited to, a court order.
  (b) "Portfolio" means all property of every kind and character held by a fiduciary on behalf of a fiduciary estate.


History: 1998, Act 386, Eff. Apr. 1, 2000
Popular Name: EPIC


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