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
Michigan Compiled Laws Complete Through PA 126 of 2023