Michigan § 700.1511 - Language invoking standard of prudent investor rule.
Full text of Michigan Michigan Compiled Laws § 700.1511 — Language invoking standard of prudent investor rule., with citation guidance and answers to common questions.
§ 700.1511. Language invoking standard of prudent investor rule.
The following terms or similar language in a governing instrument, unless otherwise limited or modified, authorize any investment or strategy permitted under the Michigan prudent investor rule:
"Investments permissible by law for investment of trust funds".
"Legal investments".
"Authorized investments".
"Using the judgment and care under the circumstances then prevailing that persons of prudence, discretion, and intelligence exercise in the management of their own affairs, not in regard to speculation but in regard to the permanent disposition of their funds, considering the probable income as well as the probable safety of their capital".
"Prudent man rule".
"Prudent trustee rule".
"Prudent person rule".
"Prudent investor rule".
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 700.1511
What does Michigan Compiled Laws § 700.1511 cover?
Section 700.1511 ("Language invoking standard of prudent investor rule.") 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 § 700.1511?
A common citation format is "Michigan Compiled Laws § 700.1511" (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 § 700.1511 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.