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MI HB5139

Bill

Status

Introduced

12/9/2015

Primary Sponsor

Peter Pettalia

Click for details

Origin

House of Representatives

98th Legislature

AI Summary

  • Clarifies that a conveyance where the grantor is also named as a grantee has the same legal effect as if the grantor were not named among the grantees.

  • Establishes that a conveyance expressing intent to create a joint tenancy or tenancy by the entireties between the grantor and grantee is effective to create the ownership type specified in the conveyance terms.

  • Permits creation of joint tenancies with unequal interests and declares such conveyances valid.

  • Takes effect 90 days after enactment into law.

Legislative Description

Property; conveyances; joint tenancy; clarify ability to create unequal joint interests. Amends sec. 49 of 1846 RS 65 (MCL 565.49).

Property: conveyances

Last Action

Printed Bill Filed 12/10/2015

12/10/2015

Committee Referrals

Tax Policy12/9/2015

Full Bill Text

No bill text available