Third Person Dealing With Guardian - Mich. Comp. Laws Section 700.5318
Legal Research Home >
Michigan Laws > Estates And Protected Individuals Code > Third Person Dealing With Guardian - Mich. Comp. Laws Section 700.5318
700.5318 Third person dealing with guardian.
Sec. 5318.
If a third person is dealing with a guardian or is assisting a guardian in the conduct of a transaction, the third person may assume the existence of trust powers and their proper exercise by the guardian without inquiry. The third person is not bound to inquire whether the guardian may act or is properly exercising the power. Unless the third person has actual knowledge that the guardian is exceeding the guardian's powers or improperly exercising them, a third person is fully protected in dealing with the guardian as if the guardian possessed and properly exercised the powers the guardian purports to exercise. A third person is not bound to assume the proper application of estate assets paid or delivered to the guardian. This section does not apply to a third person dealing with a limited guardian.
History: 1998, Act 386, Eff. Apr. 1, 2000
Popular Name: EPIC
Section: 700.5311 700.5312 700.5313 700.5314 700.5315 700.5316 700.5317 700.5318 700.5319 700.5401 700.5402 700.5403 700.5404 700.5405 700.5406
Last modified: March 17, 2013
|
