Michigan Laws 556.204 – Limited presumption of durability
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Terms Used In Michigan Laws 556.204
- Incapacity: means inability of an individual to manage property or business affairs for either of the following reasons:
(i) The individual has an impairment in the ability to receive and evaluate information or make or communicate decisions even with the use of technological assistance. See Michigan Laws 556.202power: means a power of attorney. See Michigan Laws 556.202 Principal: means an individual who grants authority to an agent in a power of attorney. See Michigan Laws 556.202
A power of attorney created on or after the effective date of this act that is executed in accordance with section 105(2) or (3) is durable unless it expressly provides that it is terminated by the incapacity of the principal. A power of attorney created on or after the effective date of this act that is not executed in accordance with section 105(2) or (3) is not durable.