Michigan's Uniform Power of Attorney Act (UPOAA)
In the ever-evolving landscape
of legal frameworks, Michigan holds a prominent position, thanks to its
groundbreaking Uniform Power of Attorney Act (UPOAA) — a legislative milestone
that significantly transforms the dynamics of decision-making authority. On
November 7, 2023, Governor Gretchen Whitmer signed into law Michigan’s
Public Act 187 of 2023, which enacted the UPOAA (effective date July 1, 2024). Seeking to safeguard
bankers' interests, MBA Bank Counsel Committee engaged in multiple meetings
with David Sprague, Senior Vice President of Regional Trust Management at Old
National Bank, and Christine Savage, from Lowe Law Firm, representing the
Probate Section Subcommittee on UPOAA. The Michigan Bankers Association played
a crucial role as an important stakeholder in ensuring that the legislation was
crafted and passed in a manner that did not adversely affect financial
institutions.
Uniform Power of Attorney Act Webinar
A new law in Michigan is designed to provide for increased accessibility, effectiveness, and standardization for POAs. The Uniform Power of Attorney Act (UPOAA) was signed into law by Governor Gretchen Whitmer on November 7, 2023, and will take effect on July 1, 2024. Speaker: Melissa K. Bridges, Bodman
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