Bill Text: MI SB0734 | 2017-2018 | 99th Legislature | Chaptered
Bill Title: Property; recording; conveyance under a trust; require trust to be recorded separately. Amends sec. 4 of 1991 PA 133 (MCL 565.434).
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2018-09-05 - Assigned Pa 194'18 With Immediate Effect [SB0734 Detail]
Download: Michigan-2017-SB0734-Chaptered.html
Act No. 194
Public Acts of 2018
Approved by the Governor
June 19, 2018
Filed with the Secretary of State
June 20, 2018
EFFECTIVE DATE: September 18, 2018
STATE OF MICHIGAN
99TH LEGISLATURE
REGULAR SESSION OF 2018
Introduced by Senators Conyers, Hertel, Knezek and Proos
ENROLLED SENATE BILL No. 734
AN ACT to amend 1991 PA 133, entitled “An act to allow the use and recording of certain documents regarding trusts in the case of real property that is conveyed or otherwise affected by a trust; and to prescribe their effect,” by amending section 4 (MCL 565.434).
The People of the State of Michigan enact:
Sec. 4. A trust agreement or certificate of trust existence and authority that accompanies an instrument as described in section 1, and any amendments to or revocations of the trust agreement or the certificate of trust existence and authority, may be recorded in the office of the register of deeds of each county where the lands that are the subject of or affected by the trust agreement are located. If a trust agreement accompanies an instrument, the trust agreement must be recorded as a separate document.
Enacting section 1. This amendatory act takes effect 90 days after the date is enacted into law.
This act is ordered to take immediate effect.
Secretary of the Senate
Clerk of the House of Representatives
Approved
Governor
