Michigan Compiled Laws 386-1998-ii-9 Part 9 Disclaimers (700.2901...700.2912)

• Section 700.2901 Short Title Of Part; Definitions.
  (1) This part shall be known and may be cited as the "disclaimer of property interests law". (2) As used in this part: (a)...
• Section 700.2902 Right To Disclaim; Partial Disclaimers; Limitation On Right To Disclaim.
  (1) A person, or a fiduciary representing a person to whom a disclaimable interest devolves, may disclaim a disclaimable interest in whole or in...
• Section 700.2903 Contents; Signature.
  (1) A disclaimer is not valid unless it complies with all of the following: (a) Is in writing. (b) Declares the disclaimer. (c) Describes...
• Section 700.2904 Delivery; Timing; Appropriate Persons.
  (1) Except as provided in section 2905, if a disclaimed interest arises under a will or trust created by will, or by the laws...
• Section 700.2905 Delivery; Disclaimer Under Power Of Appointment; Disclaimer Of Joint Property Or Fiduciary Power.
  (1) A disclaimed interest that is subject to, or arises under, an exercise, release, or lapse of a power of appointment, must comply with...
• Section 700.2906 Manner Of Delivery; Filing With Court.
  (1) A disclaimer must be delivered in 1 of the following manners: (a) By personally handing it to the person to whom it is...
• Section 700.2907 Disposition Of Disclaimed Interest; Effect On Future Interest.
  (1) Except as otherwise provided in this section and section 2908, if a disclaimed interest arises under a will or a trust created by...
• Section 700.2908 Disposition Of Disclaimed Joint Interest, Trust Interest, And Fiduciary Power.
  (1) If a disclaimed interest arises out of joint property created by a governing instrument, testamentary or nontestamentary, the following apply: (a) If the...
• Section 700.2909 Persons Bound; Effect Of Disclaimer.
  (1) A disclaimer, or a written waiver of the right to disclaim, is binding upon the disclaimant or person waiving the right to disclaim,...
• Section 700.2910 Barring Right To Disclaim.
  (1) The right to disclaim property is barred by any of the following events that occur after the event giving rise to the right...
• Section 700.2911 Abolition Of Common Law Right.
  The common law right of disclaimer or renunciation is abolished. This part does not abridge the right of a person to waive, release, disclaim,...
• Section 700.2912 Effect On Existing Property Interests.
  An interest in property that exists on the effective date of this act as to which, if a present interest, the time for delivering...

Last modified: October 10, 2016