{"data":{"id":"us-mi/mich.-comp.-laws-555.110","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 555.110","heading":"Common trust funds; mistakes in administration; effect.","body":"Sec. 10.\n\nA mistake made in good faith and in the exercise of due care in connection with the administration of a fund is not a violation of this act or any rules or regulations issued under this act, if promptly after discovery of the mistake the financial institution takes whatever action is reasonable under the circumstances to remedy the mistake.","path":["MI Code","Chapter 555","Act Act-174-of-1941"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-555-110","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"ba5d32ba0b9e27b5f48ff2bc124ab207426822700df939de849990d3714a5fa1","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-555.109","next":"us-mi/mich.-comp.-laws-555.111"},"notice":"GroundRules: Original legal text. Not legal advice."}