Repealed – Act 376 of 1976 – Durable Power of Attorney (556.151 – 556.153)
DURABLE POWER OF ATTORNEYAct 376 of 1976556.151-556.153 Repealed. 1978, Act 642, Eff. July 1, 1979.
Section 556.129 – Law Applicability; Construction of Act.
556.129 Law applicability; construction of act. Sec. 19. As to all matters not within this act or any other applicable statute, the common law is to govern. This section is not intended to restrict in any manner the meaning of any provision of this act or any other applicable statute. History: 1967, Act 224, Eff. […]
Section 556.130 – Death of Appointee Prior to Exercise of Power.
556.130 Death of appointee prior to exercise of power. Sec. 20. If an attempted testamentary exercise of a power is ineffective because of an appointee’s death before the effective date of the exercise, section 2603 of EPIC, MCL 700.2603, applies. History: 1967, Act 224, Eff. Nov. 2, 1967 ;– Am. 2000, Act 68, Eff. Apr. […]
Section 556.131 – Membership of Class; Determination; After Born Members.
556.131 Membership of class; determination; after born members. Sec. 21. Except as provided in section 20, when the donee of a power executes an instrument exercising the power in favor of a class, the membership of the class shall be determined as of the effective date of the exercise and include any person otherwise qualified […]
Section 556.132 – Applicability of Act.
556.132 Applicability of act. Sec. 22. The provisions of this act are applicable to any power existing on the effective date of this act, as well as a power created after that date. History: 1967, Act 224, Eff. Nov. 2, 1967
Section 556.133 – Repeal.
556.133 Repeal. Sec. 23. Chapter 64 of the Revised Statutes of 1846, being sections 556.1 to 556.62 of the Compiled Laws of 1948, and Act No. 296 of the Public Acts of 1945, being sections 556.101 to 556.106 of the Compiled Laws of 1948, are repealed. History: 1967, Act 224, Eff. Nov. 2, 1967
Section 556.120 – Contracts of Donees of Powers to Make Appointments; Remedies.
556.120 Contracts of donees of powers to make appointments; remedies. Sec. 10. (1) Unless the creating instrument provides otherwise, the donee of a power, presently exercisable, can contract to make an appointment, if neither the contract nor the promised appointment confers a benefit upon a person who is not a permissible appointee under the power. […]
Section 556.121 – Instruments Relating to Powers to Appoint Interests in Land; Recording as Conveyances.
556.121 Instruments relating to powers to appoint interests in land; recording as conveyances. Sec. 11. (1) Any of the following instruments relating to powers to appoint interests in land is entitled to be recorded as a conveyance upon compliance with section 23 of chapter 65 of the Revised Statutes of 1846, being section 565.23 of […]
Section 556.122 – Special Power; Passing on Donee’s Default.
556.122 Special power; passing on donee’s default. Sec. 12. If the donee of a special power fails to exercise the power effectively or totally releases a releasable special power, the interests that might have been appointed under the power pass as follows: (a) If the creating instrument contains an express gift in default, then in […]
Section 556.123 – General Powers; Creditors’ Rights in Appointable Interests.
556.123 General powers; creditors’ rights in appointable interests. Sec. 13. (1) If a donee has a general power of appointment, any interest that the donee has power to appoint or has appointed is to be treated as property of the donee for the purposes of satisfying claims of the donee’s creditors, as provided in this […]