Mich. Comp. Laws § 700.1501 : ESTATES AND PROTECTED INDIVIDUALS CODE —ESTATES AND PROTECTED INDIVIDUALS CODE — DEFINITIONS, GENERAL PROVISIONS, AND COURT JURISDICTION — PRUDENT INVESTOR RULE — Short title of part; definitions

(1) This part shall be known and may be cited as the "Michigan prudent investor rule". This part prescribes the Michigan prudent investor rule.
(2) As used in this part:
(a) "Governing instrument" includes, but is not limited to, a court order.
(b) "Portfolio" means all property of every kind and character held by a fiduciary on behalf of a fiduciary estate.

MCL 700.1501

1998, Act 386, Eff. 4/1/2000 .
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