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-8 - PART 8 (700.7801...700.7821) > Section 700.7801 - Administration of trust; duties of trustee.

Section 700.7801 - Administration of trust; duties of trustee.

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

700.7801 Administration of trust; duties of trustee.

Sec. 7801.

Upon acceptance of a trusteeship, the trustee shall administer the trust in good faith, expeditiously, in accordance with its terms and purposes, for the benefit of the trust beneficiaries, and in accordance with this article.


History: Add. 2009, Act 46, Eff. Apr. 1, 2010
Popular Name: EPIC