Sec. 1501. (1) This part shall be known and may be cited as the "Michigan prudent investor rule". This part prescribes the Michigan prudent investor rule. (2) As used in this part: (a) "Governing instrument" includes, but is not limited to, a court order. (b) "Portfolio" means all property of every kind and character held by a fiduciary on behalf of a fiduciary estate. History: 1998, Act 386, Eff. Apr. 1, 2000 Popular Name: EPIC
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