Mich. Comp. Laws § 700.7803
Current through Public Act 156 of the 2024 Legislative Session
The trustee shall act as would a prudent person in dealing with the property of another, including following the standards of the Michigan prudent investor rule. If the trustee has special skills or is named trustee on the basis of representation of special skills or expertise, the trustee is under a duty to use those skills.
MCL 700.7803