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MI HB5139
Bill
Status
12/9/2015
Primary Sponsor
Peter Pettalia
Click for details
AI Summary
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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.
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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.
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Permits creation of joint tenancies with unequal interests and declares such conveyances valid.
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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