Sec. 7207.
On petition of an interested person, after notice to all other interested persons, the court may review the propriety of the employment of a person by a trustee including an attorney, auditor, investment advisor, or other specialized agent or assistant and the reasonableness of the compensation of the person so employed or the reasonableness of the compensation determined by the trustee for the trustee's own services. The court may order a person who receives excessive compensation from a trust to make an appropriate refund.
History: 1998, Act 386, Eff. Apr. 1, 2000 ;-- Am. 2009, Act 46, Eff. Apr. 1, 2010 Popular Name: EPIC
Structure Michigan Compiled Laws
Chapter 700 - Estates and Protected Individuals Code
Act 386 of 1998 - Estates and Protected Individuals Code (700.1101 - 700.8206)
Article VII - Michigan Trust Code (700.7101...700.7913)
386-1998-VII-2 - Part 2 Judicial Proceedings (700.7201...700.7211)
Section 700.7201 - Role of Court in Administration of Trust.
Section 700.7202 - Jurisdiction Over Trustee and Beneficiaries.
Section 700.7203 - Subject Matter Jurisdiction.
Section 700.7205 - Trust Proceedings; Dismissal of Matters Relating to Foreign Trusts.
Section 700.7206 - Court; Concurrent Jurisdiction of Litigation Involving Trusts and Third Parties.
Section 700.7208 - Trust Proceedings; Initiation by Notice; Interested Persons.
Section 700.7209 - Registration of Trust.
Section 700.7210 - Registration Procedures.
Section 700.7211 - Registration; Qualification of Foreign Trustee.