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2015 Michigan Compiled Laws
Chapter 556 - Powers of Appointment
Act 224 of 1967 POWERS OF APPOINTMENT ACT OF 1967 (556.111 - 556.133)
AN ACT relating to powers, the creation and exercise of powers, release of powers, contracts to appoint, dispositions when powers are unexercised, rights of creditors of donees of powers, computations under the rule against perpetuities, reservation of powers of revocation, and recording of instruments; and to repeal certain acts and parts of acts.
History: 1967, Act 224, Eff. Nov. 2, 1967
- 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 556.121 Instruments relating to powers to appoint interests in land; recording as conveyances.
- Section 556.122 Special power; passing on donee's default.
- Section 556.123 General powers; creditors' rights in appointable interests.
- Section 556.124 Suspension or postponement of vesting of future interests; time period; definitions.
- Section 556.125 Suspension or postponement of vesting of future interests; time period when trust creator reserves power to amend or revoke.
- Section 556.126 Postponement of vesting of future interests; law determining period.
- Section 556.127 Postponement of vesting of future interests; facts and circumstances to be considered.
- 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.
- Section 556.132 Applicability of act.
- Section 556.133 Repeal.
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