reglab/housing_qa huggingface dataset:
MI Comp L § 556.116 (2021)
2021 Michigan Compiled Laws|Chapter 556 - Powers of Appointment|Act 224 of 1967 - Powers of Appointment Act of 1967 (556.111 - 556.133)|Section 556.116 - Interests Appointable by General Powers; Part of Donee's Estate.

556.116 Interests appointable by general powers; part of donee's estate. Sec. 6.  (1) If the will of a donee of a general power exercisable by will either effectively exercises the power or manifests an intent to exercise the power and satisfies the requirements of sections 4 and 5, all interests which the donee could by will appoint and which the donee's will appoints or purports to appoint shall be regarded as part of the donee's estate for the following purposes only:  (a) The payment of the expenses of administration of the donee's estate, to the extent that the donee's individual assets are insufficient for that purpose.  (b) The satisfaction of the claims of the donee's creditors, to the extent provided in section 13.  (c) Inclusion of such interests in determining the right of election of the donee's widow and the satisfaction of such right.  (d) The distribution of any of such interests as the intestate property of the donee, to the extent that the donee's will does not effectively dispose of such interests and the creating instrument does not otherwise provide.  (2) This section does not affect the period during which the vesting of a future interest may be suspended or postponed by an instrument exercising a power as provided in section 14. History: 1967, Act 224, Eff. Nov. 2, 1967 ;-- Am. 1970, Act 195, Imd. Eff. Aug. 6, 1970
MI Comp L § 556.117 (2021)
2021 Michigan Compiled Laws|Chapter 556 - Powers of Appointment|Act 224 of 1967 - Powers of Appointment Act of 1967 (556.111 - 556.133)|Section 556.117 - Naming Appointees by Donees of Powers.

556.117 Naming appointees by donees of powers. Sec. 7.  The donee of any power may appoint the whole or any part of the appointive assets to any 1 or more of the permissible appointees and exclude others, except as otherwise provided in the creating instrument. History: 1967, Act 224, Eff. Nov. 2, 1967
MI Comp L § 556.118 (2021)
2021 Michigan Compiled Laws|Chapter 556 - Powers of Appointment|Act 224 of 1967 - Powers of Appointment Act of 1967 (556.111 - 556.133)|Section 556.118 - Release of Powers; Method; Delivery.

556.118 Release of powers; method; delivery. Sec. 8.  (1) Unless the creating instrument expressly provides that a power cannot be released or expressly restricts the time, manner or scope of release, all powers may be released except as provided in subsection (2).  (2) Unless the creating instrument expressly provides otherwise, a special power may not be released if either the power is not presently exercisable, or the power is exercisable by a trustee or other fiduciary in a fiduciary capacity which requires the exercise of the power.  (3) The release of a power may include all or any part of the property subject to the power; reduce or limit the persons or objects, or classes of persons or objects in whose favor the power is exercisable; or limit in any other respect the extent to or the manner in which the power may be exercised.  (4) A release may be effected, either with or without consideration, by written instrument signed by the donee and delivered.  (5) Delivery of a release may be accomplished in any of the following ways, but this subsection does not preclude a determination that a release has been delivered in some other manner:  (a) Delivery to any person specified in the creating instrument.  (b) Delivery to a trustee or other fiduciary or to 1 of several trustees or other fiduciaries, other than the donee, of the property to which the power relates, or by filing with the court having jurisdiction over the trust.  (c) Delivery to any person, other than the donee, who could be adversely affected by an exercise of the power.  (d) By recording or filing in the office of the register of deeds in the county where the property is located or where the donee resides, which release shall be recorded by the register. History: 1967, Act 224, Eff. Nov. 2, 1967 ;-- Am. 1970, Act 195, Imd. Eff. Aug. 6, 1970
MI Comp L § 556.119 (2021)
2021 Michigan Compiled Laws|Chapter 556 - Powers of Appointment|Act 224 of 1967 - Powers of Appointment Act of 1967 (556.111 - 556.133)|Section 556.119 - Creation, Exercise and Release of Powers; Irrevocability.

556.119 Creation, exercise and release of powers; irrevocability. Sec. 9.  The creation, exercise or release of a power is irrevocable unless the power to revoke is reserved in the instrument creating, exercising or releasing the power. History: 1967, Act 224, Eff. Nov. 2, 1967
MI Comp L § 556.120 (2021)
2021 Michigan Compiled Laws|Chapter 556 - Powers of Appointment|Act 224 of 1967 - Powers of Appointment Act of 1967 (556.111 - 556.133)|Section 556.120 - Contracts of Donees of Powers to Make Appointments; Remedies.

556.120 Contracts of donees of powers to make appointments; remedies. Sec. 10.  (1) Unless the creating instrument provides otherwise, the donee of a power, presently exercisable, can contract to make an appointment, if neither the contract nor the promised appointment confers a benefit upon a person who is not a permissible appointee under the power.  (2) Unless the creating instrument provides otherwise, the donee of a power not presently exercisable cannot contract to make an appointment. If the donee cannot contract to make an appointment, but nevertheless does so contract, the promisee cannot obtain either specific performance or damages, except that he can obtain damages equal to the value given by him for the promise. History: 1967, Act 224, Eff. Nov. 2, 1967
MI Comp L § 556.121 (2021)
2021 Michigan Compiled Laws|Chapter 556 - Powers of Appointment|Act 224 of 1967 - Powers of Appointment Act of 1967 (556.111 - 556.133)|Section 556.121 - Instruments Relating to Powers to Appoint Interests in Land; Recording as Conveyances.

556.121 Instruments relating to powers to appoint interests in land; recording as conveyances. Sec. 11.  (1) Any of the following instruments relating to powers to appoint interests in land is entitled to be recorded as a conveyance upon compliance with section 23 of chapter 65 of the Revised Statutes of 1846, being section 565.23 of the Compiled Laws of 1948:  (a) An instrument, other than a will, exercising a power.  (b) An instrument expressing consent to exercise.  (c) A release.  (2) If a power is exercised by a will, a certified copy of the will and of the certificate of probate thereof may be recorded. History: 1967, Act 224, Eff. Nov. 2, 1967
MI Comp L § 556.122 (2021)
2021 Michigan Compiled Laws|Chapter 556 - Powers of Appointment|Act 224 of 1967 - Powers of Appointment Act of 1967 (556.111 - 556.133)|Section 556.122 - Special Power; Passing on Donee's Default.

556.122 Special power; passing on donee's default.Sec. 12.  If the donee of a special power fails to exercise the power effectively or totally releases a releasable special power, the interests that might have been appointed under the power pass as follows:  (a) If the creating instrument contains an express gift in default, then in accordance with the terms of the gift.  (b) Except as provided in subdivision (d), if the creating instrument contains no express gift in default and does not clearly indicate that the permissible appointees are to take only if the donee exercises the power, then equally to the permissible appointees living at the time of the termination or release of the power, but if the power is to appoint among a class, such as "relatives", "issue" or "heirs", then to those persons in the closest degree of kinship or representing others in the same degree of kinship who would have taken had there been an express appointment per stirpes to the described class effective as of the termination or release of the power.  (c) Except as provided in subdivision (d), if the creating instrument contains no express gift in default and clearly indicates that the permissible appointees are to take only if the donee exercises the power, then by reversion to the donor or his or her estate. If the creating instrument expressly states that there is no reversion in the donor, then any language in the creating instrument indicating or stating that the permissible appointees are to take only if the donee exercises the power is to be disregarded and the interests shall pass under subdivision (b).  (d) If the power was created by the exercise of a discretionary power described in section 5a, then according to the provisions that governed the assets subject to the power under the first trust described in section 5a(1). History: 1967, Act 224, Eff. Nov. 2, 1967 ;-- Am. 1970, Act 195, Imd. Eff. Aug. 6, 1970 ;-- Am. 2012, Act 485, Imd. Eff. Dec. 28, 2012
MI Comp L § 556.123 (2021)
2021 Michigan Compiled Laws|Chapter 556 - Powers of Appointment|Act 224 of 1967 - Powers of Appointment Act of 1967 (556.111 - 556.133)|Section 556.123 - General Powers; Creditors' Rights in Appointable Interests.

556.123 General powers; creditors' rights in appointable interests.Sec. 13.  (1) If a donee has a general power of appointment, any interest that the donee has power to appoint or has appointed is to be treated as property of the donee for the purposes of satisfying claims of the donee's creditors, as provided in this section.  (2) If a donee has an unexercised general power of appointment and the donee can presently exercise such a power, any creditor of the donee may by appropriate proceedings reach any interest that the donee could appoint, to the extent that the donee's individual assets are insufficient to satisfy the creditor's claim. If the donee has exercised the power, the creditor can reach the appointed interests to the same extent that under the law relating to fraudulent conveyances the creditor could reach property that the donee has owned and transferred.  (3) If a donee has at the time of his or her death a general power of appointment, whether or not he or she exercises the power, the personal representative or other legal representative of the donee may reach on behalf of creditors any interest that the donee could have appointed to the extent that the claim of a creditor has been filed and allowed in the donee's estate but not paid because the assets of the estate are insufficient.  (4) Under a general assignment by a donee for the benefit of the donee's creditors, the assignee may exercise any right that a creditor of the donee would have under subsection (2).  (5) A purchaser without actual notice and for a valuable consideration of any interest in property, legal or equitable, takes the interest free of any rights that the donee's estate or a creditor of the donee has under this section.  (6) If more than 1 person is the donee of a general power of appointment, it shall be presumed that the interests of the donees in the property subject to the power are equally owned among them unless the creating instrument indicates otherwise.  (7) The lapse, release, waiver, or disclaimer of a power of appointment given to a donee by a donor is not a gift, conveyance, transfer, or assignment of property by the donee. History: 1967, Act 224, Eff. Nov. 2, 1967 ;-- Am. 2009, Act 45, Eff. Apr. 1, 2010
MI Comp L § 556.124 (2021)
2021 Michigan Compiled Laws|Chapter 556 - Powers of Appointment|Act 224 of 1967 - Powers of Appointment Act of 1967 (556.111 - 556.133)|Section 556.124 - Suspension or Postponement of Vesting of Future Interests; Time Period; Definitions.

556.124 Suspension or postponement of vesting of future interests; time period; definitions.Sec. 14.  (1) The period during which the vesting of a future interest may be suspended or postponed by an instrument exercising a power of appointment begins on the effective date of the instrument of exercise in the case of a general power presently exercisable, and in all other situations, at the time of the creation of the power.  (2) In determining the period during which the vesting of a future interest may be suspended or postponed by the exercise of a power of appointment, if a second power is created by the exercise of a first power, and the first power is a presently exercisable general power, the second power is considered to have been created on the effective date of the instrument of exercise. In all other situations, the second power is considered to have been created at the time of the creation of the first power.  (3) The length of the period, whether finite or infinite, during which the vesting of a future interest may be suspended or postponed by exercise of a power is determined, from the beginning date specified in subsection (1), under the personal property trust perpetuities act, 2008 PA 148, MCL 554.91 to 554.94, or section 5(2) of the uniform statutory rule against perpetuities, 1988 PA 418, MCL 554.75, to the extent that all of the following conditions are satisfied:  (a) An instrument exercises a power of appointment so as to subject property to or to create a trust that is either revocable on or created after May 28, 2008.  (b) The appointive property is personal property.  (c) The trust is not a special appointee trust.  (4) As used in this section:  (a) "First power" means a power of appointment, an exercise of which has created another power of appointment.  (b) "Second power" means a power of appointment created by the exercise of a first power.  (c) "Special appointee trust" means that term as defined in section 4 of the personal property trust perpetuities act, 2008 PA 148, MCL 554.94. History: 1967, Act 224, Eff. Nov. 2, 1967 ;-- Am. 2012, Act 485, Imd. Eff. Dec. 28, 2012
MI Comp L § 556.125 (2021)
2021 Michigan Compiled Laws|Chapter 556 - Powers of Appointment|Act 224 of 1967 - Powers of Appointment Act of 1967 (556.111 - 556.133)|Section 556.125 - Suspension or Postponement of Vesting of Future Interests; Time Period When Trust Creator Reserves Power to Amend or Revoke.

556.125 Suspension or postponement of vesting of future interests; time period when trust creator reserves power to amend or revoke. Sec. 15.  When the creator of a trust reserves to himself an unqualified power to amend or revoke, the period during which the vesting of a future interest may be suspended or postponed begins when the unqualified power to amend or revoke terminates, whether by reason of the death of the trust creator, by release or otherwise; or on the effective date of the instrument exercising the power to revoke. History: 1967, Act 224, Eff. Nov. 2, 1967
MI Comp L § 556.126 (2021)
2021 Michigan Compiled Laws|Chapter 556 - Powers of Appointment|Act 224 of 1967 - Powers of Appointment Act of 1967 (556.111 - 556.133)|Section 556.126 - Postponement of Vesting of Future Interests; Law Determining Period.

556.126 Postponement of vesting of future interests; law determining period. Sec. 16.  When the provisions of sections 14 or 15 apply, the permissible period for the postponement of a vesting of a future interest shall be fixed in accordance with either the law in effect at the time of the exercise of the power or of the termination of the unqualified power of amendment or revocation, or in accordance with the law in effect at the time of the creation of the power, whichever will support the validity of the exercise of the power. History: 1967, Act 224, Eff. Nov. 2, 1967
MI Comp L § 556.127 (2021)
2021 Michigan Compiled Laws|Chapter 556 - Powers of Appointment|Act 224 of 1967 - Powers of Appointment Act of 1967 (556.111 - 556.133)|Section 556.127 - Postponement of Vesting of Future Interests; Facts and Circumstances to Be Considered.

556.127 Postponement of vesting of future interests; facts and circumstances to be considered. Sec. 17.  When the period during which the vesting of a future interest may be postponed must be computed from the time of the creation of a power, with respect to interests sought to be created by an instrument exercising the power, facts and circumstances existing at the effective date of the instrument exercising the power shall be taken into account. History: 1967, Act 224, Eff. Nov. 2, 1967
MI Comp L § 556.128 (2021)
2021 Michigan Compiled Laws|Chapter 556 - Powers of Appointment|Act 224 of 1967 - Powers of Appointment Act of 1967 (556.111 - 556.133)|Section 556.128 - Reserved Power of Revocation; Effect on Creditors and Purchasers.

556.128 Reserved power of revocation; effect on creditors and purchasers. Sec. 18.  When the grantor in a conveyance reserves to himself an unqualified power of revocation, he is thereafter deemed still to be the absolute owner of the estate conveyed, so far as the rights of his creditors and purchasers are concerned. If the grantor dies without exercising such power, the executor or other legal representative of the grantor may reach the estate conveyed on behalf of any creditor whose claim has been filed and allowed in the grantor's probate estate but not paid because the assets of the probate estate are insufficient to satisfy his claim. This section shall not confer upon the executor or other legal representative of the grantor the right to obtain on behalf of creditors any of the proceeds of life insurance policies or other distributions from qualified pension, profit sharing and stock bonus plans that might be payable as a result of the death of the grantor. History: 1967, Act 224, Eff. Nov. 2, 1967 ;-- Am. 1970, Act 195, Imd. Eff. Aug. 6, 1970
MI Comp L § 556.129 (2021)
2021 Michigan Compiled Laws|Chapter 556 - Powers of Appointment|Act 224 of 1967 - Powers of Appointment Act of 1967 (556.111 - 556.133)|Section 556.129 - Law Applicability; Construction of Act.

556.129 Law applicability; construction of act. Sec. 19.  As to all matters not within this act or any other applicable statute, the common law is to govern. This section is not intended to restrict in any manner the meaning of any provision of this act or any other applicable statute. History: 1967, Act 224, Eff. Nov. 2, 1967
MI Comp L § 556.130 (2021)
2021 Michigan Compiled Laws|Chapter 556 - Powers of Appointment|Act 224 of 1967 - Powers of Appointment Act of 1967 (556.111 - 556.133)|Section 556.130 - Death of Appointee Prior to Exercise of Power.

556.130 Death of appointee prior to exercise of power.Sec. 20.  If an attempted testamentary exercise of a power is ineffective because of an appointee's death before the effective date of the exercise, section 2603 of EPIC, MCL 700.2603, applies. History: 1967, Act 224, Eff. Nov. 2, 1967 ;-- Am. 2000, Act 68, Eff. Apr. 1, 2000 ;-- Am. 2012, Act 485, Imd. Eff. Dec. 28, 2012
MI Comp L § 556.131 (2021)
2021 Michigan Compiled Laws|Chapter 556 - Powers of Appointment|Act 224 of 1967 - Powers of Appointment Act of 1967 (556.111 - 556.133)|Section 556.131 - Membership of Class; Determination; After Born Members.

556.131 Membership of class; determination; after born members. Sec. 21.  Except as provided in section 20, when the donee of a power executes an instrument exercising the power in favor of a class, the membership of the class shall be determined as of the effective date of the exercise and include any person otherwise qualified as a member of the class who was born after the execution of the instrument exercising the power and before the effective date of the exercise unless a different intention is apparent from the instrument exercising the power. History: 1967, Act 224, Eff. Nov. 2, 1967 ;-- Am. 1970, Act 195, Imd. Eff. Aug. 6, 1970
MI Comp L § 556.132 (2021)
2021 Michigan Compiled Laws|Chapter 556 - Powers of Appointment|Act 224 of 1967 - Powers of Appointment Act of 1967 (556.111 - 556.133)|Section 556.132 - Applicability of Act.

556.132 Applicability of act. Sec. 22.  The provisions of this act are applicable to any power existing on the effective date of this act, as well as a power created after that date. History: 1967, Act 224, Eff. Nov. 2, 1967
MI Comp L § 556.133 (2021)
2021 Michigan Compiled Laws|Chapter 556 - Powers of Appointment|Act 224 of 1967 - Powers of Appointment Act of 1967 (556.111 - 556.133)|Section 556.133 - Repeal.

556.133 Repeal. Sec. 23.  Chapter 64 of the Revised Statutes of 1846, being sections 556.1 to 556.62 of the Compiled Laws of 1948, and Act No. 296 of the Public Acts of 1945, being sections 556.101 to 556.106 of the Compiled Laws of 1948, are repealed. History: 1967, Act 224, Eff. Nov. 2, 1967
MI Comp L § 557.21 (2021)
2021 Michigan Compiled Laws|Chapter 557 - Property of Husband and Wife|Act 216 of 1981 - Rights and Liability of Married Women (557.21 - 557.29)|Section 557.21 - Status of Property Acquired by Woman Before or After Marriage; Earnings of Married Woman.

557.21 Status of property acquired by woman before or after marriage; earnings of married woman. Sec. 1.  (1) If a woman acquires real or personal property before marriage or becomes entitled to or acquires, after marriage, real or personal property through gift, grant, inheritance, devise, or other manner, that property is and shall remain the property of the woman and be a part of the woman's estate. She may contract with respect to the property, sell, transfer, mortgage, convey, devise, or bequeath the property in the same manner and with the same effect as if she were unmarried. The property shall not be liable for the debts, obligations, or engagements of any other person, including the woman's husband, except as provided in this act.  (2) A married woman has the absolute right to have, hold, own, retain, and enjoy earnings acquired by the married woman as the result of her personal efforts and those earnings shall be considered the property of the married woman as described in subsection (1). History: 1981, Act 216, Eff. Mar. 31, 1982
MI Comp L § 557.22 (2021)
2021 Michigan Compiled Laws|Chapter 557 - Property of Husband and Wife|Act 216 of 1981 - Rights and Liability of Married Women (557.21 - 557.29)|Section 557.22 - Trustee for Married Woman; Conveyance of Property for Use and Benefit of Married Woman.

557.22 Trustee for married woman; conveyance of property for use and benefit of married woman. Sec. 2.  A person who holds as a trustee for a married woman, real or personal property under a deed or conveyance or otherwise, may convey to the married woman, by deed or otherwise, all or any portion of the property or the rents or profits of the property for the sole and separate use and benefit of the married woman. History: 1981, Act 216, Eff. Mar. 31, 1982
MI Comp L § 557.23 (2021)
2021 Michigan Compiled Laws|Chapter 557 - Property of Husband and Wife|Act 216 of 1981 - Rights and Liability of Married Women (557.21 - 557.29)|Section 557.23 - Common Law Disability of Married Women to Contract Abrogated.

557.23 Common law disability of married women to contract abrogated. Sec. 3.  The common law disability of married women to make and enter into a contract is abrogated. History: 1981, Act 216, Eff. Mar. 31, 1982
MI Comp L § 557.24 (2021)
2021 Michigan Compiled Laws|Chapter 557 - Property of Husband and Wife|Act 216 of 1981 - Rights and Liability of Married Women (557.21 - 557.29)|Section 557.24 - Contract by Married Woman; Liability of Husband for Breach of Contract.

557.24 Contract by married woman; liability of husband for breach of contract. Sec. 4.  (1) A married woman may enter into a contract with respect to her separate property as described in section 1. She may bring an action to enforce the contract, recover damages for breach of the contract, or seek other remedy with respect to the contract as provided by law. The married woman shall be personally liable upon the contract and a judgment entered against the woman may be satisfied out of the separate property as described in section 1.  (2) The husband of a married woman shall not be liable for breach of a contract which was entered into by the married woman and which relates to the separate property of the married woman as provided in subsection (1) unless the husband acted as a surety, co-signor, or guarantor on the contract. History: 1981, Act 216, Eff. Mar. 31, 1982