SB 0585
Probate: guardians and conservators; requirement to have an appraisal for the sale of real property; provide for. Amends sec. 5423 of 1998 PA 386 (MCL 700.5423).
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill requires conservators to obtain an appraisal of real property (like a home) before selling it. The appraisal must be conducted within the past six months by a licensed professional appraiser. This ensures that the sale price is fair and protects the interests of the person being cared for by the conservator, requiring court approval for significant property transactions.
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Primary sponsor
Cosponsors
Ruth A. Johnson
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