Michigan Compiled Laws § 700.3712 Improper Exercise Of Power; Breach Of Fiduciary Duty.

700.3712 Improper exercise of power; breach of fiduciary duty.

Sec. 3712.

If the exercise or failure to exercise a power concerning the estate is improper, the personal representative is liable to interested persons for damage or loss resulting from breach of fiduciary duty to the same extent as a trustee of an express trust. The right of purchasers and others dealing with a personal representative shall be determined as provided in sections 3713 and 3714.

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

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Last modified: October 10, 2016