Impartiality.

  1. Law
  2. Michigan Compiled Laws
  3. Estates and Protected Individuals Code
  4. 386 of 1998 - Estates and Protected Individuals Code (700.1101 - 700.8206)
  5. Definitions, General Provisions, and Court Jurisdiction (700.1101...700.1512)
  6. Part 5 Prudent Investor Rule (700.1501...700.1512)
  7. Impartiality.

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Sec. 1507.

If a fiduciary estate has 2 or more beneficiaries, the fiduciary shall act impartially in investing, managing, and distributing the fiduciary assets, and shall take into account any differing interests of the beneficiaries.

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


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