HB 6092 Summary

• Amends 1927 PA 212 to replace gender-specific language "husband and wife" with "spouses" throughout the statute regarding joint ownership of personal property.

• Changes provisions governing bonds, certificates of stock, mortgages, promissory notes, debentures, and other evidences of indebtedness to apply to any two spouses rather than specifically married couples.

• Maintains existing legal consequences and restrictions for joint tenancy ownership, including full right of ownership by survivorship when one spouse dies.

• Effective only if Senate Joint Resolution _____ or House Joint Resolution T (request no. 02690'19) of the 100th Legislature becomes part of the Michigan Constitution of 1963.