Mich. Comp. Laws § 556.203

Current through Public Act 151 of the 2024 Legislative Session

Section 556.203 - Applicability of act

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.

MCL 556.203

Added by 2023, Act 187,s 4, eff. 7/1/2024.