{"data":{"id":"us-mi/mich.-comp.-laws-700.1509","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 700.1509","heading":"Reviewing compliance.","body":"Sec. 1509.\n\nCompliance with the prudent investor rule is determined in light of the facts and circumstances that exist at the time of a fiduciary's decision or action, and not by hindsight. The prudent investor rule requires a standard of conduct, not outcome or performance.","path":["MI Code","Chapter 700","Act Act-386-of-1998"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-700-1509","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"de1ff21e9742d4e7295d6ef9b690e0a34ce43ea0e1772d8f2950772b7e83a8e6","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-700.1508","next":"us-mi/mich.-comp.-laws-700.1510"},"notice":"GroundRules: Original legal text. Not legal advice."}