{"data":{"id":"us-mi/mich.-comp.-laws-700.7912","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 700.7912","heading":"Protection of person dealing with trustee.","body":"Sec. 7912.\n\n(1) A person other than a trust beneficiary who in good faith assists a trustee, or who in good faith and for value deals with a trustee, without knowledge that the trustee is exceeding or improperly exercising the trustee's powers is protected from liability as if the trustee properly exercised the power.\n\n(2) A person other than a trust beneficiary who in good faith deals with a trustee is not required to inquire into the extent of the trustee's powers or the propriety of the exercise of the powers.\n\n(3) A person who in good faith delivers assets to a trustee need not ensure the proper application of the assets.\n\n(4) A person other than a trust beneficiary who in good faith assists a former trustee, or who in good faith and for value deals with a former trustee, without knowledge that the trusteeship has terminated is protected from liability as if the former trustee were still a trustee.\n\n(5) Comparable protective provisions of other laws relating to commercial transactions or transfer of securities by fiduciaries prevail over the protection provided by this section.","path":["MI Code","Chapter 700","Act Act-386-of-1998"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-700-7912","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"c50ab935e25b3ef8bbdeafc09f007e4d65cc6bbecdfa13d8e9a9d1f9db4cefb4","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-700.7911","next":"us-mi/mich.-comp.-laws-700.7913"},"notice":"GroundRules: Original legal text. Not legal advice."}