700.2903 Contents; signature. Sec. 2903. (1) A disclaimer is not valid unless it complies with all of the following: (a) Is in writing. (b) Declares the disclaimer. (c) Describes the disclaimed interest. (d) Is signed by the disclaimant. (e) Is delivered as provided in sections 2904, 2905, and 2906. (2) If a disclaimable interest is disclaimed by a fiduciary on behalf of the person to whom the disclaimable interest devolves, the disclaimer must be signed by all incumbent fiduciaries. Unless the governing instrument requires otherwise, a disclaimer of a disclaimable interest by a trustee may be signed by less than all incumbent trustees. A disclaimer of a fiduciary power by a fiduciary may be signed by less than all incumbent fiduciaries. History: 1998, Act 386, Eff. Apr. 1, 2000 Popular Name: EPIC
Michigan Legal Code