Michigan Laws 700.2721 – Construction as to age of majority
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Michigan Laws 700.2721
- Governing instrument: means a deed; will; trust; funeral representative designation; insurance or annuity policy; account with POD designation; security registered in beneficiary form (TOD); pension, profit-sharing, retirement, or similar benefit plan; instrument creating or exercising a power of appointment or a power of attorney; or dispositive, appointive, or nominative instrument of any similar type. See Michigan Laws 700.1104
A provision contained in a governing instrument that makes reference to a “minor”, “age of majority”, or a similar phrase differentiating between an individual’s majority and minority status shall be construed to refer to the legal age of majority in effect at the time the governing instrument was executed.