A bill to amend 1967 PA 224, entitled “Powers of appointment act of 1967,” by amending sections 5a and 14 (MCL 556.115a and 556.124), section 5a as added and section 14 as amended by 2012 PA 485.
Amends the Powers of Appointment Act of 1967 to clarify trustee powers in appointing trust property to second trusts and the conditions under which future interests vest, aligning with existing common law and statutory rules.
Introduced
by
Referred to the Committee on Judiciary
