PocketLaw | Michigan Compiled Laws | Part 8 Duties and Powers of

Part 8 Duties and Powers of Trustee (700.7801...700.7821)

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Section
700.7801

Administration of Trust; Duties of Trustee.

Section
700.7802

Duty of Loyalty.

Section
700.7803

Impartiality; Use of Standards of Michigan Prudent Investor Rule.

Section
700.7808

Settlor's Power to Direct Contrary to Trust Terms.

Section
700.7809

Repealed. 2018, Act 664, Eff. Mar. 29, 2019.

Section
700.7810

Control and Protection of Trust Property.

Section
700.7811

Recordkeeping and Identification of Trust Property.

Section
700.7812

Enforcement and Defense of Claims.

Section
700.7813

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

Duty to Inform and Report.

Section
700.7815

Discretionary Powers; Abuse; Liability to Beneficiary; Rules; Effect of Limited or Prohibited Powers; Exceptions.

Section
700.7816

General Powers of Trustee.

Section
700.7817

Specific Powers of Trustee.

Section
700.7818

Environmental Concerns or Hazards; Powers of Trustee.

Section
700.7819

Tax Matters; Powers of Trustee.

Section
700.7820

Payment Provisions; Facility.

Section
700.7820a

Irrevocable Trust Including Discretionary Trust Provision; Distribution; Definitions.

Section
700.7821

Distribution Upon Termination.