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Impartiality - Mich. Comp. Laws Section 700.1507

Legal Research Home > Michigan Laws > Estates And Protected Individuals Code > Impartiality - Mich. Comp. Laws Section 700.1507

700.1507 Impartiality.

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

Section: Previous 700.1403 700.1501 700.1502 700.1503 700.1504 700.1505 700.1506 700.1507 700.1508 700.1509 700.1510 700.1511 700.1512 700.2101 700.2102 Next

Last modified: March 17, 2013