{"data":{"id":"us-mi/mich.-comp.-laws-700.7302","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 700.7302","heading":"Representation; conflict of interest; holder of power of revocation or amendment or power of appointment.","body":"Sec. 7302.\n\n(1) To the extent there is no conflict of interest between the holder of a power of appointment and the person represented with respect to a particular question or dispute, the holder of a power of appointment, including a power of appointment in the form of a power of amendment or revocation, may represent and bind a person to the extent the person's interest, as a permissible appointee, taker in default, or otherwise, is subject to the power. For the purpose, however, of granting consent or approval to modification or termination of a trust or to deviation from its terms, including consent or approval to a settlement agreement described in section 7111, only the holder of a presently exercisable or testamentary general power of appointment may represent and bind such a person.\n\n(2) For purposes of subsection (1), both of the following apply:\n\n(a) There is no conflict of interest between the holder of a nonfiduciary power of appointment and a person whose interest is subject to the power to the extent the subject interest is liable to be extinguished by an exercise of the power.\n\n(b) If a power of appointment is subject to a condition precedent other than the death of the holder in the case of a testamentary power, no interest is subject to the power until the condition precedent is satisfied.\n\n(3) As used in this section, \"nonfiduciary\" means, with respect to a power of appointment, that the power is not held in a fiduciary capacity.","path":["MI Code","Chapter 700","Act Act-386-of-1998"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-700-7302","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"3e6e4cd26dc366accc6e55d24a5e1521214b56fb771d58cdde4bd6c7f231d7ab","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-700.7301","next":"us-mi/mich.-comp.-laws-700.7303"},"notice":"GroundRules: Original legal text. Not legal advice."}