Mich. Comp. Laws » Michigan Compiled Laws / Chapter 700 / Act 386 of 1998
Michigan Compiled Laws

Mich. Comp. Laws § 700.1506 (2026)

Duties of fiduciary in interest of beneficiaries.

✓ current as of July 2026
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ESTATES AND PROTECTED INDIVIDUALS CODE


Act 386 of 1998


700.1506 Duties of fiduciary in interest of beneficiaries.

Sec. 1506.

    A fiduciary shall invest and manage fiduciary assets solely in the interest of the beneficiaries.

History: 1998, Act 386, Eff. Apr. 1, 2000

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Notes of Decisions
Cited in 1 case, 2014–2014 · leading case: Ducharme v. Ducharme, 850 N.W.2d 607 (Mich. Ct. App. 2014).
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Ducharme v. Ducharme, 850 N.W.2d 607 (Mich. Ct. App. 2014). “1214, and MCL 700.1506, seek to protect beneficiaries from misdeeds by their trustees.”
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