Mich. Comp. Laws § 700.7902

Current through Public Act 156 of the 2024 Legislative Session

Section 700.7902 - Breach of trust; liability; damages

A trustee who commits a breach of trust is liable to the trust beneficiaries affected for whichever of the following is larger:

(a) The amount required to restore the value of the trust property and trust distributions to what they would have been had the breach not occurred.

(b) The profit the trustee made by reason of the breach.

MCL 700.7902

Added by 2009, Act 46,s 130 , eff. 4/1/2010.