Michigan Compiled Laws § 700.5502 Durable Power Of Attorney Not Affected By Lapse Of Time, Disability, Or Incapacity; Legal Description Of Real Estate Not Required.

700.5502 Durable power of attorney not affected by lapse of time, disability, or incapacity; legal description of real estate not required.

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

Section: 700.5501  700.5502  700.5503  700.5504  700.5505  700.5506  700.5507  700.5508  700.5509  700.5510  700.5511  700.5512  700.5513  700.5515  700.5520  Next

Last modified: October 10, 2016