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§ 700.1508 — Michigan Law | CourtGPT
  1. Home/
  2. Laws/
  3. Michigan/
  4. Chapter 700 - Estates and Protected Individuals Codeact 59 of 2016 - Fiduciary Access to Digital Assets Act (700.1001 - 700.1018)/
  5. Statute Act 386 of 1998/
  6. Article I - Definitions, General Provisions, and Court Jurisdiction (700.1101...700.1512)386-1998-i-1 -/
  7. Division 386 1998 I 5/
  8. § 700.1508
Michigan Legal Code

§ 700.1508

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700.1508 Investment costs. Sec. 1508. In investing and managing fiduciary assets, a fiduciary may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the fiduciary estate, and the skills of the fiduciary. History: 1998, Act 386, Eff. Apr. 1, 2000 Popular Name: EPIC