Michigan § 700.1510 - Delegation of investment and management functions.
Full text of Michigan Michigan Compiled Laws § 700.1510 — Delegation of investment and management functions., with citation guidance and answers to common questions.
§ 700.1510. Delegation of investment and management functions.
A fiduciary may delegate investment and management functions provided that the fiduciary exercises reasonable care, skill, and caution in all of the following:
Selecting an agent.
Establishing the scope and terms of the delegation, consistent with the purposes and terms of the governing instrument.
Periodically reviewing the agent's actions in order to monitor the agent's performance and compliance with the terms of the delegation.
A fiduciary who complies with the requirements of subsection (1) is not liable to the beneficiaries or to the fiduciary estate for a decision or action of the agent to whom the function was delegated.
In performing a delegated function, an agent owes a duty to the fiduciary estate to exercise reasonable care to comply with the terms of the delegation. If an agent accepts the delegation of a fiduciary function from a fiduciary that is subject to the laws of this state, the agent submits to the jurisdiction of this state's court.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 700.1510
What does Michigan Compiled Laws § 700.1510 cover?
Section 700.1510 ("Delegation of investment and management functions.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 700.1510?
A common citation format is "Michigan Compiled Laws § 700.1510" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 700.1510 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.