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Bill > HB6131
MI HB6131
MI HB6131Probate; trusts; powers and duties of a directed trustee; provide for. Amends secs. 7103, 7105, 7108, 7411 & 7703 of 1998 PA 386 (MCL 700.7103 et seq.) & repeals sec. 7809 of 1998 PA 386 (MCL 700.7809).
summary
Introduced
06/07/2018
06/07/2018
In Committee
12/19/2018
12/19/2018
Crossed Over
11/28/2018
11/28/2018
Passed
12/21/2018
12/21/2018
Dead
Signed/Enacted/Adopted
12/31/2018
12/31/2018
Introduced Session
99th Legislature
Bill Summary
AN ACT to amend 1998 PA 386, entitled "An act to codify, revise, consolidate, and classify aspects of the law relating to wills and intestacy, relating to the administration and distribution of estates of certain individuals, relating to trusts, and relating to the affairs of certain individuals under legal incapacity; to provide for the powers and procedures of the court that has jurisdiction over these matters; to provide for the validity and effect of certain transfers, contracts, and deposits that relate to death; to provide procedures to facilitate enforcement of certain trusts; and to repeal acts and parts of acts," by amending sections 7103, 7105, 7108, 7411, and 7703 (MCL 700.7103, 700.7105, 700.7108, 700.7411, and 700.7703), section 7103 as amended by 2012 PA 483, sections 7105 and 7411 as amended by 2010 PA 325, and sections 7108 and 7703 as added by 2009 PA 46; and to repeal acts and parts of acts.
AI Summary
This bill amends sections of the Estates and Protected Individuals Code to update provisions related to trusts, including the powers and duties of directed trustees, the modification and termination of irrevocable trusts, and the administration of trusts by co-trustees. The bill repeals section 7809 of the existing law. This bill is part of a package of related legislation that must all be enacted for this amendatory act to take effect.
Committee Categories
Justice
Sponsors (1)
Last Action
Assigned Pa 664'18 (on 12/31/2018)
Official Document
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