Sec. 20.
If an attempted testamentary exercise of a power is ineffective because of an appointee's death before the effective date of the exercise, section 2603 of EPIC, MCL 700.2603, applies.
History: 1967, Act 224, Eff. Nov. 2, 1967 ;-- Am. 2000, Act 68, Eff. Apr. 1, 2000 ;-- Am. 2012, Act 485, Imd. Eff. Dec. 28, 2012
Structure 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.
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 556.122 - Special Power; Passing on Donee's Default.
Section 556.123 - General Powers; Creditors' Rights in Appointable Interests.
Section 556.126 - Postponement of Vesting of Future Interests; Law Determining Period.
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.