Michigan Compiled Laws § 700.1509 Reviewing Compliance.

700.1509 Reviewing compliance.

Sec. 1509.

Compliance with the prudent investor rule is determined in light of the facts and circumstances that exist at the time of a fiduciary's decision or action, and not by hindsight. The prudent investor rule requires a standard of conduct, not outcome or performance.

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

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Last modified: October 10, 2016