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 700.1506 - Duties of fiduciary in interest of beneficiaries.

Section 700.1506 - Duties of fiduciary in interest of beneficiaries.

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

700.1506 Duties of fiduciary in interest of beneficiaries.

Sec. 1506.

A fiduciary shall invest and manage fiduciary assets solely in the interest of the beneficiaries.


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