ESTATES AND PROTECTED INDIVIDUALS CODE (EXCERPT)
Act 386 of 1998
700.1512 Application to existing fiduciary estates.
The Michigan prudent investor rule applies to a fiduciary estate that exists on or is created after this act's effective date. As applied to a fiduciary estate that exists on this act's effective date, the Michigan prudent investor rule governs only a decision or action that occurs after that date.
History: 1998, Act 386, Eff. Apr. 1, 2000
Popular Name: EPIC
© 2017 Legislative Council, State of Michigan