Michigan Compiled Laws § 206.993. New Construction And Interpretation Of Act And Agreement.

***** 206.993.new THIS NEW SECTION IS EFFECTIVE JANUARY 26, 2016 *****

206.993.new Construction and interpretation of act and agreement.

Sec. 13.

This act and any agreement under this act shall not be construed or interpreted to do any of the following:

(a) Give any designated beneficiary any rights or legal interest with respect to an account unless the designated beneficiary is the account owner.

(b) Give residency status to an individual merely because the individual is a designated beneficiary.

History: 2015, Act 160, Eff. Jan. 26, 2016

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Last modified: October 10, 2016