Michigan Laws 556.119 – Creation, exercise and release of powers; irrevocability
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Terms Used In Michigan Laws 556.119
- Power: means a power of appointment over property. See Michigan Laws 556.112
- Release: means renunciation, relinquishment, surrender, refusal to accept, and any other form of release. See Michigan Laws 556.112
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.