MCL - 386-1998-VII-8
Act 386 of 1998
DUTIES AND POWERS OF TRUSTEE
| Document | Type | Description |
|---|---|---|
| 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| Section 700.7809 | Section | Repealed. 2018, Act 664, Eff. Mar. 29, 2019. |
| 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 700.7820a | Section | Irrevocable trust including discretionary trust provision; distribution; definitions. |
| Section 700.7821 | Section | Distribution upon termination. |