Statutes > Michigan Statutes > Chapter 700 - ESTATES AND PROTECTED INDIVIDUALS CODE > Act 386 of 1998 - ESTATES AND PROTECTED INDIVIDUALS CODE (700.1101 - 700.8206) > 386-1998-I - ARTICLE I DEFINITIONS, GENERAL PROVISIONS, AND COURT JURISDICTION (700.1101...700.1512) > 386-1998-I-5 - PART 5 PRUDENT INVESTOR RULE (700.1501...700.1512) > Section 700.1504 - Diversification.

Section 700.1504 - Diversification.

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

700.1504 Diversification.

Sec. 1504.

A fiduciary shall diversify the investments of a fiduciary estate unless the fiduciary reasonably determines that, because of special circumstances, the purposes of the fiduciary estate are better served without diversifying.


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