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386-1998-I-1 - Part 1 Short Title and Definitions (700.1101...700.1108)
Section 700.1101 - Short Title. - Sec. 1101. This act shall be known and may be...
Section 700.1102 - Applicability of Definitions. - Sec. 1102. The definitions contained in this part apply throughout...
Section 700.1103 - Definitions; a to D. - Sec. 1103. As used in this act: (a) "Agent" includes,...
Section 700.1104 - Definitions; E to H. - Sec. 1104. As used in this act: (a) "Environmental law"...
Section 700.1105 - Definitions; I to L. - Sec. 1105. As used in this act: (a) "Incapacitated individual"...
Section 700.1106 - Definitions; M to P. - Sec. 1106. As used in this act: (a) "Mental health...
Section 700.1107 - Definitions; R to T. - Sec. 1107. As used in this act: (a) "Register" or...
Section 700.1108 - Definitions; U to Z. - Sec. 1108. As used in this act: (a) "Ward" means...
386-1998-I-2 - Part 2 Construction and General Provisions (700.1201...700.1214)
Section 700.1201 - Purposes; Rules of Construction. - Sec. 1201. This act shall be liberally construed and applied...
Section 700.1202 - Execution of Documents; Signing or Witnessing Documents by 2-Way Real-Time Audiovisual Technology; Requirements; Good Faith; Applies April 30, 2020 Until July 1, 2021. - Sec. 1202. (1) Notwithstanding anything in this act to the...
Section 700.1203 - Supplementary General Principles of Law Applicable; Construction Against Implied Repeal. - Sec. 1203. (1) Unless displaced by the particular provisions of...
Section 700.1205 - Discovery and Remedies for Fraud, Embezzlement, Conversion, or Withholding of Assets. - Sec. 1205. (1) The court may order a person to...
Section 700.1207 - Evidence of Death or Status. - Sec. 1207. In addition to the rules of evidence in...
Section 700.1208 - Procedure to Establish Death of Accident or Disaster Victim. - Sec. 1208. (1) The procedure to establish the death of...
Section 700.1209 - Acts by Holder of Power of Appointment. - Sec. 1209. For the purpose of granting consent or approval...
Section 700.1210 - Cost-of-Living Adjustment. - Sec. 1210. (1) The specific dollar amounts stated in sections...
Section 700.1211 - Court Personnel Prohibited From Providing Legal Advice. - Sec. 1211. Court personnel shall not provide or offer to...
Section 700.1212 - Fiduciary Relationship. - Sec. 1212. (1) A fiduciary stands in a position of...
Section 700.1213 - Reference to Unified Credits, Exemption, or Deductions. - Sec. 1213. If an individual includes a provision in a...
Section 700.1214 - Fiduciary; Prohibited Conduct. - Sec. 1214. Unless the governing instrument expressly authorizes such a...
386-1998-I-3 - Part 3 Scope, Jurisdiction, and Courts (700.1301...700.1309)
Section 700.1301 - Territorial Application. - Sec. 1301. Except as otherwise provided in this act, this...
Section 700.1302 - Exclusive Subject Matter Jurisdiction. - Sec. 1302. The court has exclusive legal and equitable jurisdiction...
Section 700.1303 - Concurrent Jurisdiction; Removal; Purpose and Policy. - Sec. 1303. (1) In addition to the jurisdiction conferred by...
Section 700.1304 - Register; Powers. - Sec. 1304. If this act specifies that the probate register...
Section 700.1305 - Appeals. - Sec. 1305. Appellate review, including the right to appellate review...
Section 700.1306 - Oath or Affirmation on Filed Documents. - Sec. 1306. Except as otherwise specifically provided in this act...
Section 700.1307 - Records and Certified Copies. - Sec. 1307. (1) Court records shall be maintained in accordance...
Section 700.1308 - Breach of Duty; Remedies; Order for Accounting. - Sec. 1308. (1) A violation by a fiduciary of a...
Section 700.1309 - Appointment of Special Fiduciary or Injunction. - Sec. 1309. Upon reliable information received from an interested person,...
386-1998-I-4 - Part 4 Notice, Parties, and Representation in Estate Litigation and Other Matters (700.1401...700.1403)
Section 700.1401 - Notice; Method and Time of Giving. - Sec. 1401. (1) If notice of a hearing on a...
Section 700.1402 - Notice; Waiver; Order. - Sec. 1402. (1) Except as provided in subsection (2), a...
Section 700.1403 - Formal Proceeding; Pleadings; Parties Bound by Others; Notice. - Sec. 1403. In a formal proceeding that involves an estate...
386-1998-I-5 - Part 5 Prudent Investor Rule (700.1501...700.1512)
Section 700.1501 - Short Title of Part; Definitions. - Sec. 1501. (1) This part shall be known and may...
Section 700.1502 - Prudent Investor Rule. - Sec. 1502. (1) A fiduciary shall invest and manage assets...
Section 700.1503 - Portfolio Strategy; Risk and Return Objectives. - Sec. 1503. (1) A fiduciary's investment and management decisions with...
Section 700.1504 - Diversification. - Sec. 1504. A fiduciary shall diversify the investments of a...
Section 700.1505 - Duties at Inception. - Sec. 1505. Within a reasonable time after accepting appointment as...
Section 700.1506 - Duties of Fiduciary in Interest of Beneficiaries. - Sec. 1506. A fiduciary shall invest and manage fiduciary assets...
Section 700.1507 - Impartiality. - Sec. 1507. If a fiduciary estate has 2 or more...
Section 700.1508 - Investment Costs. - Sec. 1508. In investing and managing fiduciary assets, a fiduciary...
Section 700.1509 - Reviewing Compliance. - Sec. 1509. Compliance with the prudent investor rule is determined...
Section 700.1510 - Delegation of Investment and Management Functions. - Sec. 1510. (1) A fiduciary may delegate investment and management...
Section 700.1511 - Language Invoking Standard of Prudent Investor Rule. - Sec. 1511. The following terms or similar language in a...
Section 700.1512 - Application to Existing Fiduciary Estates. - Sec. 1512. The Michigan prudent investor rule applies to a...