Sec. 1512.
The Michigan prudent investor rule applies to a fiduciary estate that exists on or is created after this act's effective date. As applied to a fiduciary estate that exists on this act's effective date, the Michigan prudent investor rule governs only a decision or action that occurs after that date.
History: 1998, Act 386, Eff. Apr. 1, 2000 Popular Name: EPIC
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