Michigan § 500.7028 - Duties of trustees; limitation on liability of trustee.
Full text of Michigan Michigan Compiled Laws § 500.7028 — Duties of trustees; limitation on liability of trustee., with citation guidance and answers to common questions.
§ 500.7028. Duties of trustees; limitation on liability of trustee.
The trustees of a MEWA shall give the attention and exercise the vigilance, diligence, care, and skill that prudent persons use in like or similar circumstances. Trustees shall be responsible for all operations of the MEWA and shall take all necessary precautions to safeguard the assets of the MEWA. No trustee shall be held liable for any delinquency under this section after 6 years from the date of the delinquency, or after 2 years from the time when the delinquency is discovered by a person complaining of the delinquency, whichever occurs sooner.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.7028
What does Michigan Compiled Laws § 500.7028 cover?
Section 500.7028 ("Duties of trustees; limitation on liability of trustee.") 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 § 500.7028?
A common citation format is "Michigan Compiled Laws § 500.7028" (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 § 500.7028 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.