Michigan Compiled Laws

Mich. Comp. Laws § 451.921 (2026)

Short title.

✓ current as of July 2026

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UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT

Act 87 of 2009

451.921 Short title.

Sec. 1.

This act shall be known and may be cited as the "uniform prudent management of institutional funds act".

History: 2009, Act 87, Imd. Eff. Sept. 10, 2009

Notes of Decisions

Cited in 1 case, 2019–2019 · leading case: Trevor Legassick v. Univ. of Michigan Regents (Mich. Ct. App. 2019).

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Trevor Legassick v. Univ. of Michigan Regents (Mich. Ct. App. 2019). “with the terms of the Gift Agreement, and seeking damages or specific performance; (2) breach of fiduciary duty, on account of the University’s failure, as trustee of the charitable trust established by Professor Bellamy’s gift, to comply with the terms and conditions of the…”

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