MCL - 187-2023-1

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Chapter 556
Act 187 of 2023
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UNIFORM POWER OF ATTORNEY ACT (EXCERPT)
Act 187 of 2023
ARTICLE 1
GENERAL PROVISIONS
Document Type Description
Section 556.201 Section Short title.
Section 556.202 Section Definitions.
Section 556.202a Section Notice or knowledge of a fact involving a power of attorney.
Section 556.203 Section Applicability of act.
Section 556.204 Section Limited presumption of durability.
Section 556.205 Section Execution of power of attorney; requirements.
Section 556.206 Section Validity of power of attorney.
Section 556.207 Section Meaning and effect of power of attorney.
Section 556.208 Section Nomination of conservator or guardian; relation of agent to court-appointed fiduciary.
Section 556.209 Section Effective date of power of attorney.
Section 556.210 Section Termination of power of attorney or agents authority.
Section 556.211 Section Designation of agents and successor agents.
Section 556.212 Section Reimbursement and compensation of agent.
Section 556.213 Section Agent's acceptance; acknowledgment of duties.
Section 556.214 Section Agent's duties; liability; breach of fiduciary duty.
Section 556.215 Section Exoneration of agent for breach of duty; exceptions.
Section 556.216 Section Judicial relief; dismissal of petition.
Section 556.217 Section Violation of act; agent's liability.
Section 556.218 Section Agent's resignation; notice.
Section 556.219 Section Acceptance of and reliance upon acknowledged power of attorney; good faith.
Section 556.220 Section Acceptance of acknowledged power of attorney; exceptions; liability for refusal to accept acknowledged power of attorney.
Section 556.221 Section Principles of common law and equity.
Section 556.222 Section Laws applicable to financial institutions and certain other entities.
Section 556.223 Section Remedies under other law.