MCL - Index of Chapter 556
NOTE: Dates reflect any modification to item, not necessarily a change in law.
| Title | Subject |
|---|---|
| Chapter 556 | POWERS OF APPOINTMENT |
| R.S. of 1846 | Repealed-Revised Statutes of 1846 (556.1 - 556.62) |
| Act 296 of 1945 | Repealed-RELEASE BY DONEE OF POWER OF APPOINTMENT (556.101 - 556.106) |
| Act 224 of 1967 | POWERS OF APPOINTMENT ACT OF 1967 (556.111 - 556.133) |
| Section 556.111 | Powers of appointment act; short title. |
| Section 556.112 | Powers of appointment act; definitions. |
| Section 556.113 | Powers of appointment; creation; donors, qualifications. |
| Section 556.114 | Manifestation of intent to exercise. |
| Section 556.115 | Methods by which powers may be exercised by donees. |
| Section 556.115a | Second trust. |
| Section 556.116 | Interests appointable by general powers; part of donee's estate. |
| Section 556.117 | Naming appointees by donees of powers. |
| Section 556.118 | Release of powers; method; delivery. |
| Section 556.119 | Creation, exercise and release of powers; irrevocability. |
| Section 556.120 | Contracts of donees of powers to make appointments; remedies. |
| Section 556.121 | Instruments relating to powers to appoint interests in land; recording as conveyances. |
| Section 556.122 | Special power; passing on donee's default. |
| Section 556.123 | General powers; creditors' rights in appointable interests. |
| Section 556.124 | Suspension or postponement of vesting of future interests; time period; definitions. |
| Section 556.125 | Suspension or postponement of vesting of future interests; time period when trust creator reserves power to amend or revoke. |
| Section 556.126 | Postponement of vesting of future interests; law determining period. |
| Section 556.127 | Postponement of vesting of future interests; facts and circumstances to be considered. |
| Section 556.128 | Reserved power of revocation; effect on creditors and purchasers. |
| Section 556.129 | Law applicability; construction of act. |
| Section 556.130 | Death of appointee prior to exercise of power. |
| Section 556.131 | Membership of class; determination; after born members. |
| Section 556.132 | Applicability of act. |
| Section 556.133 | Repeal. |
| Act 376 of 1976 | Repealed-DURABLE POWER OF ATTORNEY (556.151 - 556.153) |
| Act 187 of 2023 | UNIFORM POWER OF ATTORNEY ACT (556.201 - 556.505) |
| 187-2023-1 | ARTICLE 1 GENERAL PROVISIONS (556.201...556.223) |
| Section 556.201 | Short title. |
| Section 556.202 | Definitions. |
| Section 556.202a | Notice or knowledge of a fact involving a power of attorney. |
| Section 556.203 | Applicability of act. |
| Section 556.204 | Limited presumption of durability. |
| Section 556.205 | Execution of power of attorney; requirements. |
| Section 556.206 | Validity of power of attorney. |
| Section 556.207 | Meaning and effect of power of attorney. |
| Section 556.208 | Nomination of conservator or guardian; relation of agent to court-appointed fiduciary. |
| Section 556.209 | Effective date of power of attorney. |
| Section 556.210 | Termination of power of attorney or agents authority. |
| Section 556.211 | Designation of agents and successor agents. |
| Section 556.212 | Reimbursement and compensation of agent. |
| Section 556.213 | Agent's acceptance; acknowledgment of duties. |
| Section 556.214 | Agent's duties; liability; breach of fiduciary duty. |
| Section 556.215 | Exoneration of agent for breach of duty; exceptions. |
| Section 556.216 | Judicial relief; dismissal of petition. |
| Section 556.217 | Violation of act; agent's liability. |
| Section 556.218 | Agent's resignation; notice. |
| Section 556.219 | Acceptance of and reliance upon acknowledged power of attorney; good faith. |
| Section 556.220 | Acceptance of acknowledged power of attorney; exceptions; liability for refusal to accept acknowledged power of attorney. |
| Section 556.221 | Principles of common law and equity. |
| Section 556.222 | Laws applicable to financial institutions and certain other entities. |
| Section 556.223 | Remedies under other law. |
| 187-2023-2 | ARTICLE 2 AUTHORITY (556.301...556.317) |
| Section 556.301 | Express or specific grant of authority; grant of general authority. |
| Section 556.302 | Incorporation of authority. |
| Section 556.303 | Powers of agent with a grant of general authority. |
| Section 556.304 | Authority of agent; real property. |
| Section 556.305 | Authority of agent; tangible personal property. |
| Section 556.306 | Authority of agent; stocks and bonds. |
| Section 556.307 | Authority of agent; commodities and options. |
| Section 556.308 | Authority of agent; banks and other financial institutions. |
| Section 556.309 | Authority of agent; operation of an entity or business. |
| Section 556.310 | Authority of agent; insurance and annuities. |
| Section 556.311 | Authority of agent; estates, trusts, and other beneficial interests. |
| Section 556.312 | Authority of agent; claims and litigation. |
| Section 556.313 | Authority of agent; personal and family maintenance. |
| Section 556.314 | Authority of agent; benefits from governmental programs or civil or military service. |
| Section 556.315 | Authority of agent; retirement plans. |
| Section 556.316 | Authority of agent; taxes. |
| Section 556.317 | Authority of agent; gifts. |
| 187-2023-3 | ARTICLE 3 STATUTORY FORMS (556.401...556.403) |
| Section 556.401 | Statutory form power of attorney. |
| Section 556.402 | Agent's acknowledgment form. |
| Section 556.403 | Certification of validity of power of attorney by agent or attorney at law. |
| 187-2023-4 | ARTICLE 4 MISCELLANEOUS PROVISIONS (556.501...556.505) |
| Section 556.501 | Uniformity of application and construction. |
| Section 556.502 | Relation to electronic signatures in global and national commerce act. |
| Section 556.503 | Effect on existing powers of attorney. |
| Section 556.504 | Repeal of MCL 700.5501-700.5505. |
| Section 556.505 | Effective date. |