GroundRules
← Search the law
Michigan · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Mich. Comp. Laws § 700.7705: Resignation of trustee; circumstances; issuance of orders and conditions; liability.

Read at publisher ↗
Where this section sits in the code
  1. MI Code
  2. Chapter 700
  3. Act Act-386-of-1998

Sec. 7705.

(1) A trustee may resign in either of the following circumstances:

(a) Upon at least 28 days' notice to the qualified trust beneficiaries, the holders of powers of appointment, and all cotrustees.

(b) With the approval of the court.

(2) In approving a resignation, the court may issue orders and impose conditions reasonably necessary for the protection of the trust property.

(3) Any liability of a resigning trustee or of any sureties on the trustee's bond for acts or omissions of the trustee is not discharged or affected by the trustee's resignation.

Collected 2026-09-14T18:32:31Z. Source file · JSON

Browse this collection