Michigan Laws 500.2210a – Trustee having insurable interest under MCL 700.7114
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Terms Used In Michigan Laws 500.2210a
- Trustee: A person or institution holding and administering property in trust.
A trustee of a trust has an insurable interest in the life of an individual as provided in section 7114 of the estates and protected individuals code, 1998 PA 386, MCL 700.7114.