Michigan § 700.7701 - Acceptance or rejection of trusteeship.
Full text of Michigan Michigan Compiled Laws § 700.7701 — Acceptance or rejection of trusteeship., with citation guidance and answers to common questions.
§ 700.7701. Acceptance or rejection of trusteeship.
(1) Except as otherwise provided in subsection (3), a person designated as trustee accepts the trusteeship by doing either of the following:
(a) Substantially complying with a method of acceptance provided in the terms of the trust.
(b) If the terms of the trust do not provide a method or the method provided in the terms is not expressly made exclusive, accepting delivery of the trust property, exercising powers or performing duties as trustee, or otherwise indicating acceptance of the trusteeship.
(2) A person designated as trustee who has not yet accepted the trusteeship may reject the trusteeship. A designated trustee who does not accept the trusteeship within a reasonable time after knowing of the designation is deemed to have rejected the trusteeship.
(3) A person designated as trustee, without accepting the trusteeship, may do all of the following:
(a) Act to preserve the trust property if, within a reasonable time after acting, the person sends a rejection of the trusteeship to the settlor or, if the settlor is dead or lacks capacity, to a qualified trust beneficiary.
(b) Exercise all powers set forth under section 7818(1)(a).
(c) Inspect or investigate trust property to determine potential liability under other law or for any other purpose.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 700.7701
What does Michigan Compiled Laws § 700.7701 cover?
Section 700.7701 ("Acceptance or rejection of trusteeship.") 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 § 700.7701?
A common citation format is "Michigan Compiled Laws § 700.7701" (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 § 700.7701 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.