The Michigan Legislative Website data sources are undergoing upgrades. Thank you for your patience as we work through any issues.

Go To Top capitol dome
Michigan Legislature
Michigan Compiled Laws Complete Through PA 178 of 2019

Michigan Legislature

Main Content

Section 700.1501

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

© 2020 Legislative Council, State of Michigan

up icon