Power of Attorney Not Revoked Until Notice - Mich. Comp. Laws Section 700.5504
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Michigan Laws > Estates And Protected Individuals Code > Power of Attorney Not Revoked Until Notice - Mich. Comp. Laws Section 700.5504
700.5504 Power of attorney not revoked until notice.
Sec. 5504.
(1) The death of a principal who has executed a written power of attorney, durable or otherwise, does not revoke or terminate the agency as to the attorney in fact or other person who, without actual knowledge of the principal's death, acts in good faith under the power. An action taken as provided in this subsection, unless otherwise invalid or unenforceable, binds the principal's successors in interest.
(2) The disability or incapacity of a principal who has previously executed a written power of attorney that is not a durable power does not revoke or terminate the agency as to the attorney in fact or other person who, without actual knowledge of the principal's disability or incapacity, acts in good faith under the power. An action taken as provided in this subsection, unless otherwise invalid or unenforceable, binds the principal and his or her successors in interest.
History: 1998, Act 386, Eff. Apr. 1, 2000
Popular Name: EPIC
Section: 700.5430 700.5431 700.5432 700.5433 700.5501 700.5502 700.5503 700.5504 700.5505 700.5506 700.5507 700.5508 700.5509 700.5510 700.5511
Last modified: March 17, 2013
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