MCL - Section 556.203
Act 187 of 2023
556.203 Applicability of act.
Sec. 103.
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.
History: 2023, Act 187, Eff. July 1, 2024