Sec. 7909.
A trustee is not liable to a trust beneficiary for breach of trust if the trust beneficiary consented to the conduct constituting the breach, released the trustee from liability for the breach, or ratified the transaction constituting the breach, unless either of the following applies:
(a) The consent, release, or ratification of the trust beneficiary was induced by improper conduct of the trustee.
(b) At the time of the consent, release, or ratification, the trust beneficiary did not know of 1 or more of the material facts relating to the breach.
History: Add. 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)
Section 700.7901 - Remedies for Breach of Trust.
Section 700.7902 - Breach of Trust; Liability; Damages.
Section 700.7903 - Damages in Absence of Breach.
Section 700.7905 - Commencement of Proceedings; Limitations.
Section 700.7906 - Reliance on Trust Instrument.
Section 700.7907 - Event Affecting Administration or Distribution.
Section 700.7908 - Exculpation of Trustee.
Section 700.7909 - Beneficiary's Consent, Release, or Ratification of Transaction.
Section 700.7910 - Personal Liability of Trustee; Limitation.
Section 700.7911 - Interest as General Partner.
Section 700.7912 - Protection of Person Dealing With Trustee.