Sec. 3605.
A person apparently having an interest in the estate worth in excess of $2,500.00 or a creditor having a claim against the estate in excess of $2,500.00 may make a written demand that a personal representative give bond. The demand must be filed with the register, and if appointment and qualification have occurred, a copy must be mailed to the personal representative. Upon filing of the demand, bond is required, but the requirement ceases if the person demanding bond ceases to be interested in the estate or if bond is excused as provided in section 3603 or 3604. After receipt of notice and until the filing of the bond or cessation of the requirement of bond, the personal representative shall refrain from exercising any powers of the fiduciary office except as necessary to preserve the estate. Failure of the personal representative to meet a requirement of bond by giving suitable bond within 28 days after receipt of notice is cause for removal and appointment of a successor personal representative.
History: 1998, Act 386, Eff. Apr. 1, 2000 Popular Name: EPIC
Structure Michigan Compiled Laws
Chapter 700 - Estates and Protected Individuals Code
Act 386 of 1998 - Estates and Protected Individuals Code (700.1101 - 700.8206)
Article III - Probate of Wills and Administration (700.3101...700.3988)
Section 700.3601 - Qualification; Limitation and Procedure With Regard to Specified Assets.
Section 700.3602 - Acceptance of Appointment; Consent to Jurisdiction.
Section 700.3603 - Bond Not Required Without Court Order; Exceptions.
Section 700.3604 - Bond Amount; Security; Procedure; Reduction.
Section 700.3605 - Demand for Bond by Interested Person.
Section 700.3606 - Requirements and Provisions of Bonds.
Section 700.3607 - Order Restraining Personal Representative.
Section 700.3608 - Termination of Appointment Generally.
Section 700.3609 - Termination of Appointment; Death or Disability.
Section 700.3610 - Termination of Appointment; Voluntary.
Section 700.3611 - Termination of Appointment by Removal; Cause; Procedure.
Section 700.3612 - Termination of Appointment; Change of Testacy Status.
Section 700.3613 - Successor Personal Representative.
Section 700.3614 - Special Personal Representative; Appointment.
Section 700.3615 - Special Personal Representative; Who May Be Appointed.
Section 700.3616 - Special Personal Representative; Appointed Informally; Powers and Duties.
Section 700.3617 - Special Personal Representative; Formal Proceedings; Power and Duties.
Section 700.3618 - Termination of Appointment; Special Personal Representative.