Michigan Compiled Laws § 700.1501 Short Title Of Part; Definitions.

700.1501 Short title of part; definitions.

Sec. 1501.

(1) This part shall be known and may be cited as the “Michigan prudent investor rule”. This part prescribes the Michigan prudent investor rule.

(2) As used in this part:

(a) “Governing instrument” includes, but is not limited to, a court order.

(b) “Portfolio” means all property of every kind and character held by a fiduciary on behalf of a fiduciary estate.

History: 1998, Act 386, Eff. Apr. 1, 2000
Popular Name: EPIC

Section: 700.1501  700.1502  700.1503  700.1504  700.1505  700.1506  700.1507  700.1508  700.1509  700.1510  700.1511  700.1512    Next

Last modified: October 10, 2016