Section 700.7407 - Evidence of oral trust.
ESTATES AND PROTECTED INDIVIDUALS CODE (EXCERPT)
Act 386 of 1998
700.7407 Evidence of oral trust.
Act 386 of 1998
700.7407 Evidence of oral trust.
Sec. 7407.
Except as required by a statute other than this article, a trust need not be evidenced by a trust instrument, but the creation of an oral trust and its terms may be established only by clear and convincing evidence.
History: 1998, Act 386, Eff. Apr. 1, 2000 ;--Am. 2009, Act 46, Eff. Apr. 1, 2010
Popular Name: EPIC