reglab/housing_qa huggingface dataset:
MI Comp L § 700.7110 (2021)
2021 Michigan Compiled Laws|Chapter 700 - Estates and Protected Individuals Code|Act 386 of 1998 - Estates and Protected Individuals Code (700.1101 - 700.8206)|Article VII - Michigan Trust Code (700.7101...700.7913)|386-1998-VII-1 - Part 1 General Provisions and Definitions (700.7101...700.7114)|Section 700.7110 - Others Treated as Qualified Beneficiaries.

700.7110 Others treated as qualified beneficiaries.Sec. 7110.  (1) A charitable organization expressly named in the terms of a trust to receive distributions under the terms of a charitable trust has the rights of a qualified trust beneficiary under this article if 1 or more of the following are applicable to the charitable organization on the date the charitable organization's qualification is being determined:  (a) The charitable organization is a distributee or permissible distributee of trust income or principal.  (b) The charitable organization would be a distributee or permissible distributee of trust income or principal on the termination of the interests of other distributees or permissible distributees then receiving or eligible to receive distributions.  (c) The charitable organization would be a distributee or permissible distributee of trust income or principal if the trust terminated on that date.  (2) A person appointed to enforce a trust created for the care of an animal or another noncharitable purpose as provided in section 2722 has the rights of a qualified trust beneficiary under this article.  (3) The attorney general of this state has the following rights with respect to a charitable trust having its principal place of administration in this state:  (a) The rights provided in the supervision of trustees for charitable purposes act, 1961 PA 101, MCL 14.251 to 14.266.  (b) The right to notice of any judicial proceeding and any nonjudicial settlement agreement under section 7111. History: Add. 2009, Act 46, Eff. Apr. 1, 2010 Popular Name: EPIC
MI Comp L § 700.7111 (2021)
2021 Michigan Compiled Laws|Chapter 700 - Estates and Protected Individuals Code|Act 386 of 1998 - Estates and Protected Individuals Code (700.1101 - 700.8206)|Article VII - Michigan Trust Code (700.7101...700.7913)|386-1998-VII-1 - Part 1 General Provisions and Definitions (700.7101...700.7114)|Section 700.7111 - Nonjudicial Settlement Agreement.

700.7111 Nonjudicial settlement agreement.Sec. 7111.  (1) Except as otherwise provided in subsection (2), interested persons may enter into a binding nonjudicial settlement agreement with respect to any matter involving a trust.  (2) A nonjudicial settlement agreement is valid only to the extent it does not violate a material purpose of the trust and includes terms and conditions that could be properly approved by the court under this article or other applicable law. A nonjudicial settlement agreement shall not be used to accomplish the termination or modification of the trust.  (3) Matters that may be resolved by a nonjudicial settlement agreement include any of the following:  (a) The interpretation or construction of the terms of the trust.  (b) The approval of a trustee's report or accounting.  (c) Direction to a trustee to perform or to refrain from performing a particular act or to grant to or to withhold from a trustee any power.  (d) The resignation or appointment of a trustee and the determination of a trustee's compensation.  (e) Transfer of a trust's principal place of administration.  (f) Liability of a trustee for an action relating to the trust.  (4) Any interested person or trustee may request the court to approve or disapprove a nonjudicial settlement agreement. On a determination that the representation as provided in part 3 was adequate, that the agreement does not violate a material purpose of the trust, and that the agreement contains terms and conditions the court could have properly approved, the court shall enter an order approving the agreement.  (5) As used in this section, "interested persons" means persons whose consent would be required in order to achieve a binding settlement were the settlement to be approved by the court. History: Add. 2009, Act 46, Eff. Apr. 1, 2010 Popular Name: EPIC
MI Comp L § 700.7112 (2021)
2021 Michigan Compiled Laws|Chapter 700 - Estates and Protected Individuals Code|Act 386 of 1998 - Estates and Protected Individuals Code (700.1101 - 700.8206)|Article VII - Michigan Trust Code (700.7101...700.7913)|386-1998-VII-1 - Part 1 General Provisions and Definitions (700.7101...700.7114)|Section 700.7112 - Rules of Construction.

700.7112 Rules of construction.Sec. 7112.  The rules of construction in sections 2605 to 2608 that apply in this state to the interpretation of and disposition of property by will also apply as appropriate to the interpretation of the terms of a trust and the disposition of the trust property. History: Add. 2009, Act 46, Eff. Apr. 1, 2010 Popular Name: EPIC
MI Comp L § 700.7113 (2021)
2021 Michigan Compiled Laws|Chapter 700 - Estates and Protected Individuals Code|Act 386 of 1998 - Estates and Protected Individuals Code (700.1101 - 700.8206)|Article VII - Michigan Trust Code (700.7101...700.7913)|386-1998-VII-1 - Part 1 General Provisions and Definitions (700.7101...700.7114)|Section 700.7113 - Penalty Clause for Contest of Trust.

700.7113 Penalty clause for contest of trust.Sec. 7113.  A provision in a trust that purports to penalize an interested person for contesting the trust or instituting another proceeding relating to the trust shall not be given effect if probable cause exists for instituting a proceeding contesting the trust or another proceeding relating to the trust. History: Add. 2009, Act 46, Eff. Apr. 1, 2010 Popular Name: EPIC
MI Comp L § 700.7114 (2021)
2021 Michigan Compiled Laws|Chapter 700 - Estates and Protected Individuals Code|Act 386 of 1998 - Estates and Protected Individuals Code (700.1101 - 700.8206)|Article VII - Michigan Trust Code (700.7101...700.7913)|386-1998-VII-1 - Part 1 General Provisions and Definitions (700.7101...700.7114)|Section 700.7114 - Trustee Having Insurable Interest Under Life Insurance Policy; Conditions.

700.7114 Trustee having insurable interest under life insurance policy; conditions.Sec. 7114.  A trustee of a trust has an insurable interest in the life of an individual insured under a life insurance policy that is owned by the trustee of the trust acting in a fiduciary capacity or that designates the trust itself as the owner if, on the date the policy is issued, both of the following are true:  (a) The insured is 1 of the following:  (i) A settlor of the trust.  (ii) An individual in whom a settlor of the trust has, or would have had if living at the time the policy was issued, an insurable interest.  (b) The life insurance proceeds are primarily for the benefit of 1 or more trust beneficiaries that have 1 of the following:  (i) An insurable interest in the life of the insured.  (ii) A substantial interest engendered by love and affection in the continuation of the life of the insured and, if not already included under subparagraph (i), who are 1 of the following:  (A) Related within the third degree or closer, as measured by the civil law system of determining degrees of relation, either by blood or affinity, to the insured.  (B) Stepchildren of the insured. History: Add. 2014, Act 8, Imd. Eff. Feb. 11, 2014 Popular Name: EPIC
MI Comp L § 700.7201 (2021)
2021 Michigan Compiled Laws|Chapter 700 - Estates and Protected Individuals Code|Act 386 of 1998 - Estates and Protected Individuals Code (700.1101 - 700.8206)|Article VII - Michigan Trust Code (700.7101...700.7913)|386-1998-VII-2 - Part 2 Judicial Proceedings (700.7201...700.7211)|Section 700.7201 - Role of Court in Administration of Trust.

700.7201 Role of court in administration of trust.Sec. 7201.  (1) A court of this state may intervene in the administration of a trust to the extent its jurisdiction is invoked by an interested person or as provided by law.  (2) A trust is not subject to continuing judicial supervision unless ordered by the court. Registration of a trust or another proceeding concerning a trust does not result in continuing judicial supervision unless ordered by the court. Subject to court jurisdiction as invoked by an interested person or as otherwise exercised as provided by law, the management and distribution of a trust estate, submission of an account or report to beneficiaries, payment of a trustee's fees and other trust obligations, acceptance and change of trusteeship, and any other aspect of trust administration shall proceed expeditiously consistent with the terms of the trust, free of judicial intervention, and without court order or approval or other court action.  (3) A proceeding involving a trust may relate to any matter involving the trust's administration, including a request for instructions and a determination regarding the validity, internal affairs, or settlement of a trust; the administration, distribution, modification, reformation, or termination of a trust; or the declaration of rights that involve a trust, trustee, or trust beneficiary, including, but not limited to, proceedings to do any of the following:  (a) Appoint or remove a trustee.  (b) Review the fees of a trustee.  (c) Require, hear, and settle interim or final accounts.  (d) Ascertain beneficiaries.  (e) Determine a question that arises in the administration or distribution of a trust, including a question of construction of a trust.  (f) Instruct a trustee and determine relative to a trustee the existence or nonexistence of an immunity, power, privilege, duty, or right.  (g) Release registration of a trust.  (h) Determine an action or proceeding that involves settlement of an irrevocable trust. History: 1998, Act 386, Eff. Apr. 1, 2000 ;-- Am. 2009, Act 46, Eff. Apr. 1, 2010 Popular Name: EPIC
MI Comp L § 700.7202 (2021)
2021 Michigan Compiled Laws|Chapter 700 - Estates and Protected Individuals Code|Act 386 of 1998 - Estates and Protected Individuals Code (700.1101 - 700.8206)|Article VII - Michigan Trust Code (700.7101...700.7913)|386-1998-VII-2 - Part 2 Judicial Proceedings (700.7201...700.7211)|Section 700.7202 - Jurisdiction Over Trustee and Beneficiaries.

700.7202 Jurisdiction over trustee and beneficiaries.Sec. 7202.  (1) By registering a trust or accepting the trusteeship of a registered trust or a trust having its principal place of administration in this state or by moving the principal place of administration to this state, the trustee submits personally to the jurisdiction of the courts of this state regarding any matter involving the trust. Notice of a proceeding shall be given to the trustee in accordance with section 1401 at the trustee's address as stated in the registration or as reported to the court and to the trustee's address then known to the petitioner.  (2) For purposes of a proceeding commenced by a trust beneficiary before registration, a trustee of a trust that is not registered in a proper place is subject to the personal jurisdiction of a court in which the trust could have been registered. In addition, a trustee who, within 28 days after receipt of a written demand by a trust settlor or beneficiary, fails to register a trust as required by the terms of the trust is subject to removal and denial of compensation or to surcharge as the court may direct.  (3) With respect to their interests in the trust, the beneficiaries of a trust having its principal place of administration or having been properly registered in this state are subject to the jurisdiction of the courts of this state regarding any matter involving the trust. By accepting a distribution from such a trust, the recipient submits personally to the jurisdiction of the courts of this state regarding any matter involving the trust.  (4) This section does not preclude other methods of obtaining jurisdiction over a trustee, beneficiary, or other person who receives property from the trust. History: 1998, Act 386, Eff. Apr. 1, 2000 ;-- Am. 2009, Act 46, Eff. Apr. 1, 2010 Popular Name: EPIC
MI Comp L § 700.7203 (2021)
2021 Michigan Compiled Laws|Chapter 700 - Estates and Protected Individuals Code|Act 386 of 1998 - Estates and Protected Individuals Code (700.1101 - 700.8206)|Article VII - Michigan Trust Code (700.7101...700.7913)|386-1998-VII-2 - Part 2 Judicial Proceedings (700.7201...700.7211)|Section 700.7203 - Subject Matter Jurisdiction.

700.7203 Subject matter jurisdiction.Sec. 7203.  (1) The court has exclusive jurisdiction of proceedings in this state brought by a trustee or beneficiary that concern the administration of a trust as provided in section 1302(b) and (d).  (2) The court has concurrent jurisdiction with other courts of this state of other proceedings that involve a trust as provided in section 1303. History: 1998, Act 386, Eff. Apr. 1, 2000 ;-- Am. 2009, Act 46, Eff. Apr. 1, 2010 Popular Name: EPIC
MI Comp L § 700.7204 (2021)
2021 Michigan Compiled Laws|Chapter 700 - Estates and Protected Individuals Code|Act 386 of 1998 - Estates and Protected Individuals Code (700.1101 - 700.8206)|Article VII - Michigan Trust Code (700.7101...700.7913)|386-1998-VII-2 - Part 2 Judicial Proceedings (700.7201...700.7211)|Section 700.7204 - Venue.

700.7204 Venue.Sec. 7204.  (1) Except as otherwise provided in subsection (2), venue for a proceeding involving a trust is as follows:  (a) For a proceeding under section 7203 involving a registered trust, in the place of registration.  (b) For a proceeding under section 7203 involving a trust not registered in this state, in any place where the trust properly could be registered and, if the trust is created by will and the estate is not yet closed, in the county in which the decedent's estate is being administered.  (c) As otherwise specified by court rule.  (2) If a trust has no trustee and has not been registered, venue for a judicial proceeding for the appointment of a trustee is as follows:  (a) In a county in this state in which a trust beneficiary resides.  (b) In a county in which any trust property is located.  (c) If the trust is created by will, in the county in which the decedent's estate was or is being administered.  (d) As otherwise provided by court rule. History: 1998, Act 386, Eff. Apr. 1, 2000 ;-- Am. 2009, Act 46, Eff. Apr. 1, 2010 Popular Name: EPIC
MI Comp L § 700.7205 (2021)
2021 Michigan Compiled Laws|Chapter 700 - Estates and Protected Individuals Code|Act 386 of 1998 - Estates and Protected Individuals Code (700.1101 - 700.8206)|Article VII - Michigan Trust Code (700.7101...700.7913)|386-1998-VII-2 - Part 2 Judicial Proceedings (700.7201...700.7211)|Section 700.7205 - Trust Proceedings; Dismissal of Matters Relating to Foreign Trusts.

700.7205 Trust proceedings; dismissal of matters relating to foreign trusts.Sec. 7205.  (1) If a party objects, the court shall not entertain a proceeding under section 7203 that involves a trust that is registered or that has its principal place of administration in another state, unless either of the following applies:  (a) All appropriate parties could not be bound by litigation in the courts of the state where the trust is registered or has its principal place of administration.  (b) The interests of justice would otherwise be seriously impaired.  (2) The court may condition a stay or dismissal of a proceeding under this section on the consent of a party to jurisdiction of the state in which the trust is registered or has its principal place of business, grant a continuance, or enter another appropriate order. History: 1998, Act 386, Eff. Apr. 1, 2000 ;-- Am. 2009, Act 46, Eff. Apr. 1, 2010 Popular Name: EPIC
MI Comp L § 700.7206 (2021)
2021 Michigan Compiled Laws|Chapter 700 - Estates and Protected Individuals Code|Act 386 of 1998 - Estates and Protected Individuals Code (700.1101 - 700.8206)|Article VII - Michigan Trust Code (700.7101...700.7913)|386-1998-VII-2 - Part 2 Judicial Proceedings (700.7201...700.7211)|Section 700.7206 - Court; Concurrent Jurisdiction of Litigation Involving Trusts and Third Parties.

700.7206 Court; concurrent jurisdiction of litigation involving trusts and third parties.Sec. 7206.  The court where a trust is registered has concurrent jurisdiction with other courts of this state of an action or proceeding to determine the existence or nonexistence of the trust if created other than by will, of an action or proceeding against a creditor or debtor of the trust, and of another action or proceeding that involves a trustee and a third party. History: 1998, Act 386, Eff. Apr. 1, 2000 ;-- Am. 2000, Act 54, Eff. Apr. 1, 2000 ;-- Am. 2009, Act 46, Eff. Apr. 1, 2010 Popular Name: EPIC
MI Comp L § 700.7207 (2021)
2021 Michigan Compiled Laws|Chapter 700 - Estates and Protected Individuals Code|Act 386 of 1998 - Estates and Protected Individuals Code (700.1101 - 700.8206)|Article VII - Michigan Trust Code (700.7101...700.7913)|386-1998-VII-2 - Part 2 Judicial Proceedings (700.7201...700.7211)|Section 700.7207 - Proceedings; Review of Employment of Agents and Compensation of Trustee and Employees of Trustee.

700.7207 Proceedings; review of employment of agents and compensation of trustee and employees of trustee.Sec. 7207.  On petition of an interested person, after notice to all other interested persons, the court may review the propriety of the employment of a person by a trustee including an attorney, auditor, investment advisor, or other specialized agent or assistant and the reasonableness of the compensation of the person so employed or the reasonableness of the compensation determined by the trustee for the trustee's own services. The court may order a person who receives excessive compensation from a trust to make an appropriate refund. History: 1998, Act 386, Eff. Apr. 1, 2000 ;-- Am. 2009, Act 46, Eff. Apr. 1, 2010 Popular Name: EPIC
MI Comp L § 700.7208 (2021)
2021 Michigan Compiled Laws|Chapter 700 - Estates and Protected Individuals Code|Act 386 of 1998 - Estates and Protected Individuals Code (700.1101 - 700.8206)|Article VII - Michigan Trust Code (700.7101...700.7913)|386-1998-VII-2 - Part 2 Judicial Proceedings (700.7201...700.7211)|Section 700.7208 - Trust Proceedings; Initiation by Notice; Interested Persons.

700.7208 Trust proceedings; initiation by notice; interested persons.Sec. 7208.  A proceeding under section 7203 is initiated by filing a petition in the court and giving notice to interested persons as provided in section 1401. The court may order notification of additional persons. A judgment or order binds each person who is given notice of the proceeding even if not all interested persons are notified. History: Add. 2009, Act 46, Eff. Apr. 1, 2010 Popular Name: EPIC
MI Comp L § 700.7209 (2021)
2021 Michigan Compiled Laws|Chapter 700 - Estates and Protected Individuals Code|Act 386 of 1998 - Estates and Protected Individuals Code (700.1101 - 700.8206)|Article VII - Michigan Trust Code (700.7101...700.7913)|386-1998-VII-2 - Part 2 Judicial Proceedings (700.7201...700.7211)|Section 700.7209 - Registration of Trust.

700.7209 Registration of trust.Sec. 7209.  (1) The trustee of a trust that has its principal place of administration in this state may register the trust in the court at the place designated in the terms of the trust or, if none is designated, then at the principal place of administration. For purposes of this article, the principal place of the trust's administration is the trustee's usual place of business where the records pertaining to the trust are kept or the trustee's residence if the trustee does not have such a place of business. For a corporate trustee, the usual place of business is the business location of the primary trust officer for the trust.  (2) For cotrustees, if not designated in the terms of the trust, the principal place of administration is 1 of the following:  (a) If there is only 1 corporate cotrustee, the corporate trustee's usual place of business.  (b) If there is only 1 professional fiduciary who is an individual and no corporate trustee, the professional fiduciary's usual place of business or residence.  (c) If neither subdivision (a) nor (b) applies, the usual place of business or residence of any of the cotrustees as agreed upon by them. History: Add. 2009, Act 46, Eff. Apr. 1, 2010 Popular Name: EPIC
MI Comp L § 700.7210 (2021)
2021 Michigan Compiled Laws|Chapter 700 - Estates and Protected Individuals Code|Act 386 of 1998 - Estates and Protected Individuals Code (700.1101 - 700.8206)|Article VII - Michigan Trust Code (700.7101...700.7913)|386-1998-VII-2 - Part 2 Judicial Proceedings (700.7201...700.7211)|Section 700.7210 - Registration Procedures.

700.7210 Registration procedures.Sec. 7210.  (1) A trust is registered by the filing of a statement that states the trustee's name and address and in which the trustee acknowledges the trusteeship. The statement shall indicate if the trust has been registered elsewhere. The statement shall identify the trust in 1 of the following manners:  (a) For a trust created by will, by the name of the testator and the date and place of domiciliary probate.  (b) For a written inter-vivos trust, by the name of each settlor and the original trustee and the date of the trust instrument and all amendments existing on the date of registration.  (c) For an oral trust, by information identifying the settlor or other source of property and describing the trust's time and manner of creation and the terms of the trust, including the subject matter, beneficiaries, and time of performance.  (2) The trust instrument is not required to be filed with the court as part of the registration of a trust. If a trust is registered elsewhere, registration in this state is ineffective until the earlier registration is released by order of the court where that registration occurred or by an instrument executed by the trustee and all qualified trust beneficiaries. The order or instrument shall be filed with the registration in this state. History: Add. 2009, Act 46, Eff. Apr. 1, 2010 Popular Name: EPIC
MI Comp L § 700.7211 (2021)
2021 Michigan Compiled Laws|Chapter 700 - Estates and Protected Individuals Code|Act 386 of 1998 - Estates and Protected Individuals Code (700.1101 - 700.8206)|Article VII - Michigan Trust Code (700.7101...700.7913)|386-1998-VII-2 - Part 2 Judicial Proceedings (700.7201...700.7211)|Section 700.7211 - Registration; Qualification of Foreign Trustee.

700.7211 Registration; qualification of foreign trustee.Sec. 7211.  A foreign corporate trustee is required to qualify as a foreign corporation doing business in this state if it maintains a trust's principal place of administration in this state. A foreign cotrustee is not required to qualify in this state solely because its cotrustee maintains the principal place of administration in this state. Unless otherwise doing business in this state, local qualification by a foreign trustee, corporate or individual, is not required for the trustee to receive distribution from a local estate, to hold, invest in, manage, or acquire property located in this state, or to maintain litigation. This section does not affect a determination of what other acts require qualification as doing business in this state. History: Add. 2009, Act 46, Eff. Apr. 1, 2010 Popular Name: EPIC