Michigan Compiled Laws

Mich. Comp. Laws § 700.1508 (2026)

Investment costs.

✓ current as of July 2026

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ESTATES AND PROTECTED INDIVIDUALS CODE

Act 386 of 1998

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

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Notes of Decisions

Cited in 1 case (1 in the last 5 years), 2022–2022 · leading case: In Re Kapp Est. (Mich. Ct. App. 2022).

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In Re Kapp Est. (Mich. Ct. App. 2022). “MCL 700.1508 provides, “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.”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.