Mich. Comp. Laws § 700.1209

Current through Public Act 122 of the 2024 Legislative Session
Section 700.1209 - Acts by holder of power of appointment

For the purpose of granting consent or approval with regard to the acts or accounts of a personal representative, including relief from liability or penalty for failure to post bond or to perform other duties, the sole holder or all coholders of a presently exercisable or testamentary general or special power of appointment, including 1 in the form of a power of amendment or revocation, are deemed to act for beneficiaries to the extent their interests, as permissible appointees, takers in default, or otherwise, are subject to the power.

MCL 700.1209

Amended by 2010, Act 325,s 1, eff. 4/1/2010.
Amended by 2009, Act 46,s 7, eff. 4/1/2010.
1998, Act 386, Eff. 4/1/2000.