Michigan Compiled Laws
Article VII - Michigan Trust Code (700.7101...700.7913)
386-1998-VII-8 - Part 8 Duties and Powers of Trustee (700.7801...700.7821)

Section 700.7801 - Administration of Trust; Duties of Trustee. - Sec. 7801. Upon acceptance of a trusteeship, the trustee shall...

Section 700.7802 - Duty of Loyalty. - Sec. 7802. (1) A trustee shall administer the trust solely...

Section 700.7803 - Impartiality; Use of Standards of Michigan Prudent Investor Rule. - Sec. 7803. The trustee shall act as would a prudent...

Section 700.7808 - Settlor's Power to Direct Contrary to Trust Terms. - Sec. 7808. While a trust is revocable, the trustee may...

Section 700.7809 - Repealed. 2018, Act 664, Eff. Mar. 29, 2019. - Compiler's Notes: The repealed section pertained to the exercise of...

Section 700.7810 - Control and Protection of Trust Property. - Sec. 7810. A trustee shall take reasonable steps to take...

Section 700.7811 - Recordkeeping and Identification of Trust Property. - Sec. 7811. (1) A trustee shall keep adequate records of...

Section 700.7812 - Enforcement and Defense of Claims. - Sec. 7812. A trustee shall take reasonable steps to enforce...

Section 700.7813 - Duty to Locate Trust Property and Compel Delivery; Retention of Reserve for Payment of Expenses; Improper Distribution or Payment From Trust; Wrongful Conversion. - Sec. 7813. (1) A trustee shall take reasonable steps to...

Section 700.7814 - Duty to Inform and Report. - Sec. 7814. (1) A trustee shall keep the qualified trust...

Section 700.7815 - Discretionary Powers; Abuse; Liability to Beneficiary; Rules; Effect of Limited or Prohibited Powers; Exceptions. - Sec. 7815. (1) A beneficiary of a discretionary trust provision...

Section 700.7816 - General Powers of Trustee. - Sec. 7816. (1) A trustee, without authorization by the court,...

Section 700.7817 - Specific Powers of Trustee. - Sec. 7817. Without limiting the authority conferred by section 7816,...

Section 700.7818 - Environmental Concerns or Hazards; Powers of Trustee. - Sec. 7818. (1) In connection with an environmental concern or...

Section 700.7819 - Tax Matters; Powers of Trustee. - Sec. 7819. (1) A trustee may do any of the...

Section 700.7820 - Payment Provisions; Facility. - Sec. 7820. (1) A trustee may act under section 7817(ff)...

Section 700.7820a - Irrevocable Trust Including Discretionary Trust Provision; Distribution; Definitions. - Sec. 7820a. (1) If an irrevocable trust includes a discretionary...

Section 700.7821 - Distribution Upon Termination. - Sec. 7821. (1) Upon termination or partial termination of a...