Michigan Compiled Laws § 700.7904 Attorney Fees And Costs; Receipt Of Expenses And Disbursements; Reduction Or Denial Of Claim With Respect To Breach Of Trust.

700.7904 Attorney fees and costs; receipt of expenses and disbursements; reduction or denial of claim with respect to breach of trust.

Sec. 7904.

(1) In a proceeding involving the administration of a trust, the court, as justice and equity require, may award costs and expenses, including reasonable attorney fees, to any party who enhances, preserves, or protects trust property, to be paid from the trust that is the subject of the proceeding.

(2) Subject to subsection (3), if a trustee participates in a civil action or proceeding in good faith, whether successful or not, the trustee is entitled to receive from trust property all expenses and disbursements including reasonable attorney fees that the trustee incurs in connection with its participation.

(3) A court may reduce or deny a trustee's claim for compensation, expenses, or disbursements with respect to a breach of trust.

History: Add. 2009, Act 46, Eff. Apr. 1, 2010
Popular Name: EPIC

Section: Previous  700.7901  700.7902  700.7903  700.7904  700.7905  700.7906  700.7907  700.7908  700.7909  700.7910  700.7911  700.7912  700.7913    Next

Last modified: October 10, 2016