# Mich. Comp. Laws § 700.1212: Fiduciary relationship

> Michigan · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MI_C700_AAct-386-of-1998_S700.1212

## Section

- **Citation:** Mich. Comp. Laws § 700.1212
- **Heading:** Fiduciary relationship
- **Jurisdiction:** Michigan
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MI Code / Chapter 700 / Act Act-386-of-1998 / Section 700.1212

## Text

Sec. 1212.

(1) A fiduciary stands in a position of confidence and trust with respect to each heir, devisee, beneficiary, protected individual, or ward for whom the person is a fiduciary. A fiduciary shall observe the standard of care described in section 7803 and shall discharge all of the duties and obligations of a confidential and fiduciary relationship, including the duties of undivided loyalty; impartiality between heirs, devisees, and beneficiaries; care and prudence in actions; and segregation of assets held in the fiduciary capacity. With respect to investments, a fiduciary shall conform to the Michigan prudent investor rule.

(2) Except in response to legal process, in cases expressly required by law, or in the necessary or proper administration of the estate, a fiduciary shall not disclose facts or knowledge pertaining to property in the fiduciary's possession or to the affairs of those for whom the fiduciary is acting in any manner without the consent of the heirs, devisees, beneficiaries, protected individuals, or wards. The fiduciary of a minor or an incapacitated individual may give this consent on behalf of that individual. This subsection's restriction on disclosure does not apply in an action or proceeding in which the fiduciary and the fiduciary's heir, devisee, beneficiary, protected individual, or ward are parties adverse to each other after the identity and relationship is determined and established.

History: 1998, Act 386, Eff. Apr. 1, 2000; Am. 2009, Act 46, Eff. Apr. 1, 2010

## Nearby sections

- [Mich. Comp. Laws § 700.1101 Short title.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C700_AAct-386-of-1998_S700.1101.md)
- [Mich. Comp. Laws § 700.1104 Definitions; E to H.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C700_AAct-386-of-1998_S700.1104.md)
- [Mich. Comp. Laws § 700.1105 Definitions; I to L.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C700_AAct-386-of-1998_S700.1105.md)
- [Mich. Comp. Laws § 700.1106 Definitions; M to P.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C700_AAct-386-of-1998_S700.1106.md)
- [Mich. Comp. Laws § 700.1108 Definitions; U to Z.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C700_AAct-386-of-1998_S700.1108.md)
- [Mich. Comp. Laws § 700.1201 Purposes; rules of construction.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C700_AAct-386-of-1998_S700.1201.md)
- [Mich. Comp. Laws § 700.1202 Execution of documents; signing or witnessing documents by 2-way real-time audiovisual technology; requirements; good faith; applies April 30, 2020 until July 1, 2021.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C700_AAct-386-of-1998_S700.1202.md)
- [Mich. Comp. Laws § 700.1203 Supplementary general principles of law applicable; construction against implied repeal.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C700_AAct-386-of-1998_S700.1203.md)
- [Mich. Comp. Laws § 700.1205 Discovery and remedies for fraud, embezzlement, conversion, or withholding of assets.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C700_AAct-386-of-1998_S700.1205.md)
- [Mich. Comp. Laws § 700.1207 Evidence of death or status.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C700_AAct-386-of-1998_S700.1207.md)
- [Mich. Comp. Laws § 700.1208 Procedure to establish death of accident or disaster victim.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C700_AAct-386-of-1998_S700.1208.md)
- [Mich. Comp. Laws § 700.1209 Acts by holder of power of appointment.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C700_AAct-386-of-1998_S700.1209.md)
- [Mich. Comp. Laws § 700.1212 Fiduciary relationship.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C700_AAct-386-of-1998_S700.1212.md)
- [Mich. Comp. Laws § 700.1213 Reference to unified credits, exemption, or deductions.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C700_AAct-386-of-1998_S700.1213.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MI_C700_AAct-386-of-1998_S700.1212. Check the current official text before relying on it. Not legal advice.