Section 556.113 - Powers of appointment; creation; donors, qualifications.
POWERS OF APPOINTMENT ACT OF 1967 (EXCERPT)
Act 224 of 1967
556.113 Powers of appointment; creation; donors, qualifications.
Sec. 3.
(1) A power may be created by any creating instrument which is executed in the manner required by law for that instrument.
(2) The donor of a power must be a person capable of transferring the interest in property to which the power relates and having a transferable interest in such property.
History: 1967, Act 224, Eff. Nov. 2, 1967