700.2903 Contents; signature.
133 words·~1 min read·
/mi/chapter-700/700-2903A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
700.2903 Contents; signature.
Sec. 2903.
(1)A disclaimer is not valid unless it complies with all of the following:
(a)Is in writing.
(b)Declares the disclaimer.
(c)Describes the disclaimed interest.
(d)Is signed by the disclaimant.
(e)Is delivered as provided in sections 2904, 2905, and 2906.
(2)If a disclaimable interest is disclaimed by a fiduciary on behalf of the person to whom the disclaimable interest devolves, the disclaimer must be signed by all incumbent fiduciaries. Unless the governing instrument requires otherwise, a disclaimer of a disclaimable interest by a trustee may be signed by less than all incumbent trustees. A disclaimer of a fiduciary power by a fiduciary may be signed by less than all incumbent fiduciaries.
History: 1998, Act 386 , Eff. Apr. 1, 2000
Popular Name: EPIC