Sec. 13. This act and any agreement under this act shall not be construed or interpreted to do any of the following: (a) Give any designated beneficiary any rights or legal interest with respect to an account unless the designated beneficiary is the account owner. (b) Give residency status to an individual merely because the individual is a designated beneficiary.
Mich. Comp. Laws § 206.993
Construction and interpretation of act and agreement
2015, Act 160, Eff
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.