MCL - Act 224 of 1967

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POWERS OF APPOINTMENT ACT OF 1967
Act 224 of 1967
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

The People of the State of Michigan enact:

Document	Type	Description
Section 556.111	Section	Powers of appointment act; short title.
Section 556.112	Section	Powers of appointment act; definitions.
Section 556.113	Section	Powers of appointment; creation; donors, qualifications.
Section 556.114	Section	Manifestation of intent to exercise.
Section 556.115	Section	Methods by which powers may be exercised by donees.
Section 556.115a	Section	Second trust.
Section 556.116	Section	Interests appointable by general powers; part of donee's estate.
Section 556.117	Section	Naming appointees by donees of powers.
Section 556.118	Section	Release of powers; method; delivery.
Section 556.119	Section	Creation, exercise and release of powers; irrevocability.
Section 556.120	Section	Contracts of donees of powers to make appointments; remedies.
Section 556.121	Section	Instruments relating to powers to appoint interests in land; recording as conveyances.
Section 556.122	Section	Special power; passing on donee's default.
Section 556.123	Section	General powers; creditors' rights in appointable interests.
Section 556.124	Section	Suspension or postponement of vesting of future interests; time period; definitions.
Section 556.125	Section	Suspension or postponement of vesting of future interests; time period when trust creator reserves power to amend or revoke.
Section 556.126	Section	Postponement of vesting of future interests; law determining period.
Section 556.127	Section	Postponement of vesting of future interests; facts and circumstances to be considered.
Section 556.128	Section	Reserved power of revocation; effect on creditors and purchasers.
Section 556.129	Section	Law applicability; construction of act.
Section 556.130	Section	Death of appointee prior to exercise of power.
Section 556.131	Section	Membership of class; determination; after born members.
Section 556.132	Section	Applicability of act.
Section 556.133	Section	Repeal.