Sec. 13.
This act and any agreement under this act shall not be construed or interpreted to do any of the following:
(a) Give any designated beneficiary any rights or legal interest with respect to an account unless the designated beneficiary is the account owner.
(b) Give residency status to an individual merely because the individual is a designated beneficiary.
History: 2015, Act 160, Eff. Jan. 26, 2016
Structure Michigan Compiled Laws
Chapter 206 - Income Tax Act of 1967
Act 160 of 2015 - Michigan Achieving a Better Life Experience (Able) Program Act (206.981 - 206.997)
Section 206.981 - Short Title.
Section 206.982 - Definitions.
Section 206.984 - Management Contract; Supervision.
Section 206.985 - Management Contract; Term of Years; Termination.
Section 206.986 - Contracts as Necessary and Proper.
Section 206.988 - Changes in Account Owners or Designated Beneficiaries; Transfers.
Section 206.990 - Maximum Account Balance Limit.
Section 206.993 - Construction and Interpretation of Act and Agreement.
Section 206.994 - State Obligation.
Section 206.995 - Annual Report.