Michigan Compiled Laws
Article VII - Michigan Trust Code (700.7101...700.7913)
386-1998-VII-7 - Part 7 Office of Trustee (700.7701...700.7709)

Section 700.7701 - Acceptance or Rejection of Trusteeship. - Sec. 7701. (1) Except as otherwise provided in subsection (3),...

Section 700.7702 - Trustee's Bond. - Sec. 7702. (1) A trustee shall give bond to secure...

Section 700.7703 - Cotrustees; Powers and Duties; Relief of Liability. - Sec. 7703. (1) Except as otherwise provided in this section,...

Section 700.7703a - Rules of Construction; Nonfiduciary Powers Under a Trust; Power of Direction to Trust Director; Duties and Limitations of Trust Director and Trustee; Liability; Applicability of Rules to Trusteeship; Definitions. - Sec. 7703a. (1) Excepting the rules of construction in subsection...

Section 700.7703b - Separate Trustees Provision; Trust Instrument; Duties and Powers; Liability; Definitions. - Sec. 7703b. (1) A trust instrument may include a separate...

Section 700.7704 - Vacancy in Trusteeship; Manner of Filling; Priority; Appointment by Court of Additional Trustee or Fiduciary; Definitions. - Sec. 7704. (1) A vacancy in a trusteeship occurs if...

Section 700.7705 - Resignation of Trustee; Circumstances; Issuance of Orders and Conditions; Liability. - Sec. 7705. (1) A trustee may resign in either of...

Section 700.7706 - Removal of Trustee. - Sec. 7706. (1) The settlor, a cotrustee, or a qualified...

Section 700.7707 - Delivery of Property by Former Trustee. - Sec. 7707. (1) Unless a cotrustee remains in office or...

Section 700.7708 - Compensation of Trustee. - Sec. 7708. (1) If the terms of a trust do...

Section 700.7709 - Reimbursement of Expenses; Advance of Money as Lien; Advances and Reimbursement Not as Self-Dealing or Breach of Fiduciary Duty. - Sec. 7709. (1) A trustee is entitled to be reimbursed...