Section 700.3712 Improper Exercise of Power; Breach of Fiduciary Duty.

MI Comp L § 700.3712 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 3712.

If the exercise or failure to exercise a power concerning the estate is improper, the personal representative is liable to interested persons for damage or loss resulting from breach of fiduciary duty to the same extent as a trustee of an express trust. The right of purchasers and others dealing with a personal representative shall be determined as provided in sections 3713 and 3714.

History: 1998, Act 386, Eff. Apr. 1, 2000 Popular Name: EPIC