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Michigan Compiled Laws Complete Through PA 131 of 2017
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Act 224 of 1967
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Act 224 of 1967

AN ACT relating to powers, the creation and exercise of powers, release of powers, contracts to appoint, dispositions when powers are unexercised, rights of creditors of donees of powers, computations under the rule against perpetuities, reservation of powers of revocation, and recording of instruments; and to repeal certain acts and parts of acts.

History: 1967, Act 224, Eff. Nov. 2, 1967

© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

Section 556.111SectionPowers of appointment act; short title.
Section 556.112SectionPowers of appointment act; definitions.
Section 556.113SectionPowers of appointment; creation; donors, qualifications.
Section 556.114SectionManifestation of intent to exercise.
Section 556.115SectionMethods by which powers may be exercised by donees.
Section 556.115aSectionSecond trust.
Section 556.116SectionInterests appointable by general powers; part of donee's estate.
Section 556.117SectionNaming appointees by donees of powers.
Section 556.118SectionRelease of powers; method; delivery.
Section 556.119SectionCreation, exercise and release of powers; irrevocability.
Section 556.120SectionContracts of donees of powers to make appointments; remedies.
Section 556.121SectionInstruments relating to powers to appoint interests in land; recording as conveyances.
Section 556.122SectionSpecial power; passing on donee's default.
Section 556.123SectionGeneral powers; creditors' rights in appointable interests.
Section 556.124SectionSuspension or postponement of vesting of future interests; time period; definitions.
Section 556.125SectionSuspension or postponement of vesting of future interests; time period when trust creator reserves power to amend or revoke.
Section 556.126SectionPostponement of vesting of future interests; law determining period.
Section 556.127SectionPostponement of vesting of future interests; facts and circumstances to be considered.
Section 556.128SectionReserved power of revocation; effect on creditors and purchasers.
Section 556.129SectionLaw applicability; construction of act.
Section 556.130SectionDeath of appointee prior to exercise of power.
Section 556.131SectionMembership of class; determination; after born members.
Section 556.132SectionApplicability of act.
Section 556.133SectionRepeal.
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