Michigan Compiled Laws § 556.113 Powers Of Appointment; Creation; Donors, Qualifications.

556.113 Powers of appointment; creation; donors, qualifications.

Sec. 3.

(1) A power may be created by any creating instrument which is executed in the manner required by law for that instrument.

(2) The donor of a power must be a person capable of transferring the interest in property to which the power relates and having a transferable interest in such property.

History: 1967, Act 224, Eff. Nov. 2, 1967

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Last modified: October 10, 2016