Sec. 5502.
An act done by an attorney in fact under a durable power of attorney during a period of disability or incapacity of the principal has the same effect and inures to the benefit of and binds the principal and the principal's successors in interest as if the principal were competent and not disabled. Unless the instrument states a termination time, the power is exercisable notwithstanding the lapse of time since the execution of the instrument. A durable power of attorney that authorizes the agent to convey or otherwise exercise power over real estate does not need to contain the real estate's legal description.
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)
Section 700.5501 - Durable Power of Attorney; Definition; Attorney-in-Fact.
Section 700.5503 - Relation of Attorney in Fact to Court-Appointed Fiduciary.
Section 700.5504 - Power of Attorney Not Revoked Until Notice.
Section 700.5505 - Proof of Continuance of Durable and Other Powers of Attorney by Affidavit.
Section 700.5507 - Patient Advocate Designation; Statement; Acceptance.
Section 700.5508 - Determination of Advocate's Authority to Act.
Section 700.5509 - Authority and Responsibilities of Patient Advocate; Suspension.
Section 700.5510 - Revocation of Patient Advocate Designation.
Section 700.5511 - Binding Effect; Liability of Provider; Exception; Dispute.
Section 700.5512 - Restrictions.
Section 700.5513 - Repealed. 2004, Act 532, Imd. Eff. Jan. 3, 2005.