Personal Obligations of Trustee.
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Law
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Michigan Compiled Laws
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Estates and Protected Individuals Code
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386 of 1998 - Estates and Protected Individuals Code (700.1101 - 700.8206)
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Michigan Trust Code (700.7101...700.7913)
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Part 5 Creditor's Claims; Spendthrift, Support, and Discretionary Trusts (700.7501...700.7511)
- Personal Obligations of Trustee.
Sec. 7508.
Trust property is not subject to personal obligations of the trustee, even if the trustee becomes insolvent or bankrupt.
History: 1998, Act 386, Eff. Apr. 1, 2000 ;-- Am. 2000, Act 177, Imd. Eff. June 20, 2000 ;-- Am. 2005, Act 204, Imd. Eff. Nov. 10, 2005 ;-- Am. 2009, Act 46, Eff. Apr. 1, 2010
Popular Name: EPIC
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