Michigan Compiled Laws
Chapter 556 - Powers of Appointment

Act 224 of 1967 - Powers of Appointment Act of 1967 (556.111 - 556.133)

Section 556.111 - Powers of Appointment Act; Short Title. - Sec. 1. This act shall be known and may be...

Section 556.112 - Powers of Appointment Act; Definitions. - Sec. 2. As used in this act: (a) "Property" means...

Section 556.113 - Powers of Appointment; Creation; Donors, Qualifications. - Sec. 3. (1) A power may be created by any...

Section 556.114 - Manifestation of Intent to Exercise. - Sec. 4. Unless otherwise provided in the creating instrument, an...

Section 556.115 - Methods by Which Powers May Be Exercised by Donees. - Sec. 5. (1) A power may be exercised by any...

Section 556.115a - Second Trust. - Sec. 5a. (1) A trustee with a presently exercisable discretionary...

Section 556.116 - Interests Appointable by General Powers; Part of Donee's Estate. - Sec. 6. (1) If the will of a donee of...

Section 556.117 - Naming Appointees by Donees of Powers. - Sec. 7. The donee of any power may appoint the...

Section 556.118 - Release of Powers; Method; Delivery. - Sec. 8. (1) Unless the creating instrument expressly provides that...

Section 556.119 - Creation, Exercise and Release of Powers; Irrevocability. - Sec. 9. The creation, exercise or release of a power...

Section 556.120 - Contracts of Donees of Powers to Make Appointments; Remedies. - Sec. 10. (1) Unless the creating instrument provides otherwise, the...

Section 556.121 - Instruments Relating to Powers to Appoint Interests in Land; Recording as Conveyances. - Sec. 11. (1) Any of the following instruments relating to...

Section 556.122 - Special Power; Passing on Donee's Default. - Sec. 12. If the donee of a special power fails...

Section 556.123 - General Powers; Creditors' Rights in Appointable Interests. - Sec. 13. (1) If a donee has a general power...

Section 556.124 - Suspension or Postponement of Vesting of Future Interests; Time Period; Definitions. - Sec. 14. (1) The period during which the vesting of...

Section 556.125 - Suspension or Postponement of Vesting of Future Interests; Time Period When Trust Creator Reserves Power to Amend or Revoke. - Sec. 15. When the creator of a trust reserves to...

Section 556.126 - Postponement of Vesting of Future Interests; Law Determining Period. - Sec. 16. When the provisions of sections 14 or 15...

Section 556.127 - Postponement of Vesting of Future Interests; Facts and Circumstances to Be Considered. - Sec. 17. When the period during which the vesting of...

Section 556.128 - Reserved Power of Revocation; Effect on Creditors and Purchasers. - Sec. 18. When the grantor in a conveyance reserves to...

Section 556.129 - Law Applicability; Construction of Act. - Sec. 19. As to all matters not within this act...

Section 556.130 - Death of Appointee Prior to Exercise of Power. - Sec. 20. If an attempted testamentary exercise of a power...

Section 556.131 - Membership of Class; Determination; After Born Members. - Sec. 21. Except as provided in section 20, when the...

Section 556.132 - Applicability of Act. - Sec. 22. The provisions of this act are applicable to...

Section 556.133 - Repeal. - Sec. 23. Chapter 64 of the Revised Statutes of 1846,...