Michigan Compiled Laws, Chapter 487. Financial Institutions § 487.3424

Sec. 424. (1) In passing upon applications for permission to exercise full fiduciary powers under section 421,  1 the commissioner shall take into consideration the following, and he or she may grant or refuse the application accordingly:

(2) Without regard to the capital and surplus requirements under subsection (1), the commissioner may grant to a savings bank the limited trust power to act as executor, administrator, custodian, conservator, guardian, or to serve as a testamentary trustee.