Michigan Compiled Laws § 700.1507 Impartiality.

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  700.1501  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