{"data":{"id":"us-mi/mich.-comp.-laws-487.14404","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 487.14404","heading":"Application for full fiduciary powers; considerations; limited trust power.","body":"Sec. 4404.\n\nIn acting upon applications for permission to exercise full fiduciary powers as provided in section 4401, the commissioner shall take into consideration the sufficiency of the capital and surplus of the applying bank and any other facts or circumstances the commissioner considers proper.\n\nWithout regard to the capital and surplus requirements specified in subsection (1), the commissioner may grant to a bank the limited trust power to act as executor, administrator, or guardian and to serve as a testamentary trustee.","path":["MI Code","Chapter 487","Act Act-276-of-1999"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-487-14404","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"77bfca1f5fd9757d0991addd011fc901f2cbac0b47528363a77c372171b8b8bf","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-487.14403","next":"us-mi/mich.-comp.-laws-487.14405"},"notice":"GroundRules: Original legal text. Not legal advice."}