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Michigan
Chapter 556 — Powers of Appointment
73 entries
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556.111 Powers of appointment act; short title.
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556.112 Powers of appointment act; definitions.
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556.113 Powers of appointment; creation; donors, qualifications.
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556.114 Manifestation of intent to exercise.
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556.115 Methods by which powers may be exercised by donees.
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556.115a Second trust.
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556.116 Interests appointable by general powers; part of donee's estate.
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556.117 Naming appointees by donees of powers.
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556.118 Release of powers; method; delivery.
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556.119 Creation, exercise and release of powers; irrevocability.
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556.120 Contracts of donees of powers to make appointments; remedies.
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556.121 Instruments relating to powers to appoint interests in land; recording as conveyances.
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556.122 Special power; passing on donee's default.
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556.123 General powers; creditors' rights in appointable interests.
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556.124 Suspension or postponement of vesting of future interests; time period; definitions.
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556.125 Suspension or postponement of vesting of future interests; time period when trust creator reserves power to amend or revoke.
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556.126 Postponement of vesting of future interests; law determining period.
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556.127 Postponement of vesting of future interests; facts and circumstances to be considered.
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556.128 Reserved power of revocation; effect on creditors and purchasers.
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556.129 Law applicability; construction of act.
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556.130 Death of appointee prior to exercise of power.
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556.131 Membership of class; determination; after born members.
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556.132 Applicability of act.
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556.133 Repeal.
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556.201 Short title.
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556.202 Definitions.
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556.202a Notice or knowledge of a fact involving a power of attorney.
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556.203 Applicability of act.
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556.204 Limited presumption of durability.
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556.205 Execution of power of attorney; requirements.
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556.206 Validity of power of attorney.
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556.207 Meaning and effect of power of attorney.
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556.208 Nomination of conservator or guardian; relation of agent to court-appointed fiduciary.
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556.209 Effective date of power of attorney.
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556.210 Termination of power of attorney or agents authority.
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556.211 Designation of agents and successor agents.
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556.212 Reimbursement and compensation of agent.
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556.213 Agent's acceptance; acknowledgment of duties.
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556.214 Agent's duties; liability; breach of fiduciary duty.
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556.215 Exoneration of agent for breach of duty; exceptions.
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556.216 Judicial relief; dismissal of petition.
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556.217 Violation of act; agent's liability.
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556.218 Agent's resignation; notice.
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556.219 Acceptance of and reliance upon acknowledged power of attorney; good faith.
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556.220 Acceptance of acknowledged power of attorney; exceptions; liability for refusal to accept acknowledged power of attorney.
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556.221 Principles of common law and equity.
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556.222 Laws applicable to financial institutions and certain other entities.
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556.223 Remedies under other law.
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556.301 Express or specific grant of authority; grant of general authority.
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556.302 Incorporation of authority.
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556.303 Powers of agent with a grant of general authority.
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556.304 Authority of agent; real property.
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556.305 Authority of agent; tangible personal property.
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556.306 Authority of agent; stocks and bonds.
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556.307 Authority of agent; commodities and options.
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556.308 Authority of agent; banks and other financial institutions.
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556.309 Authority of agent; operation of an entity or business.
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556.310 Authority of agent; insurance and annuities.
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556.311 Authority of agent; estates, trusts, and other beneficial interests.
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556.312 Authority of agent; claims and litigation.
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556.313 Authority of agent; personal and family maintenance.
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556.314 Authority of agent; benefits from governmental programs or civil or military service.
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556.315 Authority of agent; retirement plans.
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556.316 Authority of agent; taxes.
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556.317 Authority of agent; gifts.
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556.401 Statutory form power of attorney.
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556.402 Agent's acknowledgment form.
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556.403 Certification of validity of power of attorney by agent or attorney at law.
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556.501 Uniformity of application and construction.
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556.502 Relation to electronic signatures in global and national commerce act.
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556.503 Effect on existing powers of attorney.
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556.504 Repeal of MCL 700.5501-700.5505.
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556.505 Effective date.