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-VII - ARTICLE VII MICHIGAN TRUST CODE (700.7101...700.7913) > 386-1998-VII-4 - PART 4 (700.7401...700.7417) > Section 700.7407 - Evidence of oral trust.

Section 700.7407 - Evidence of oral trust.

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

700.7407 Evidence of oral trust.

Sec. 7407.

Except as required by a statute other than this article, a trust need not be evidenced by a trust instrument, but the creation of an oral trust and its terms may be established only by clear and convincing evidence.


History: 1998, Act 386, Eff. Apr. 1, 2000 ;-- Am. 2009, Act 46, Eff. Apr. 1, 2010
Popular Name: EPIC