Mich. Comp. Laws § 700.7909

Current through Public Act 171 of the 2024 Legislative Session

Section 700.7909 - Beneficiary's consent, release, or ratification of transaction

A trustee is not liable to a trust beneficiary for breach of trust if the trust beneficiary consented to the conduct constituting the breach, released the trustee from liability for the breach, or ratified the transaction constituting the breach, unless either of the following applies:

(a) The consent, release, or ratification of the trust beneficiary was induced by improper conduct of the trustee.

(b) At the time of the consent, release, or ratification, the trust beneficiary did not know of 1 or more of the material facts relating to the breach.

MCL 700.7909

Added by 2009, Act 46,s 137 , eff. 4/1/2010.