Michigan § 700.2716 - No substitute taker; lapse.
Full text of Michigan Michigan Compiled Laws § 700.2716 — No substitute taker; lapse., with citation guidance and answers to common questions.
§ 700.2716. No substitute taker; lapse.
Except as provided in subsection (2), if, after the application of sections 2714 and 2715, there is no surviving taker, the property passes in the following order:
If the trust is created in a nonresiduary devise in the transferor's will or in a codicil to the transferor's will, the property passes under the residuary clause in the transferor's will. For purposes of this section, the residuary clause is treated as creating a future interest under the terms of a trust.
If a taker is not produced by the application of subdivision (a), the property passes to the transferor's heirs under section 2720.
If, after the application of sections 2714 and 2715, there is no surviving taker and if the future interest was created by the exercise of a power of appointment, the following apply:
The property passes under the donor's gift-in-default clause, if any, which clause is treated as creating a future interest under the terms of a trust.
If a taker is not produced by the application of subdivision (a), the property passes as provided in subsection (1). For purposes of subsection (1), "transferor" means the donor if the power was a nongeneral power and means the donee if the power was a general power.
Frequently Asked Questions About Michigan § 700.2716
What does Michigan Compiled Laws § 700.2716 cover?
Section 700.2716 ("No substitute taker; lapse.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 700.2716?
A common citation format is "Michigan Compiled Laws § 700.2716" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 700.2716 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.