Mich. Comp. Laws § 206.993

Current through Public Act 166 of the 2024 Legislative Session

Section 206.993 - Construction and interpretation of act and agreement

This act and any agreement under this act shall not be construed or interpreted to do any of the following:

(a) Give any designated beneficiary any rights or legal interest with respect to an account unless the designated beneficiary is the account owner.

(b) Give residency status to an individual merely because the individual is a designated beneficiary.

MCL 206.993

Added by 2015, Act 160,s 13, eff. 1/26/2016.