556.203 Applicability of act.
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556.203 Applicability of act.
Sec. 103.
This act applies to all powers of attorney except the following:
(a)A power to the extent it is coupled with an interest in the subject of the power, including a power given to or for the benefit of a creditor in connection with a credit transaction.
(b)A patient advocate designation under section 5506 of the estates and protected individuals code, 1998 PA 386, MCL 700.5506.
(c)A delegation of a parent's or guardian's power regarding care, custody, or property of a minor child or ward under section 5103 of the estates and protected individuals code, 1998 PA 386, MCL 700.5103.
(d)A proxy or other delegation to exercise voting rights or management rights with respect to an entity.
(e)A power created on a form prescribed by a government or governmental subdivision, agency, or instrumentality for a governmental purpose.
History: 2023, Act 187 , Eff. July 1, 2024