Probate: other; prima facie evidence that transfer is made for value; modify to reflect repeal of the state real estate transfer tax act. Amends sec. 3912 of 1998 PA 386 (MCL 700.3912). TIE BAR WITH: HB 5880'26, HB 5874'26

Summary

The bill changes Michigan’s probate code so that a recorded deed or security interest that lists an exemption under the former real estate transfer tax act is considered evidence the transfer was made for value. It also confirms that purchasers or lenders receive clear title even if the probate distribution was improper. The change becomes effective 90 days after enactment, but only if two companion bills also pass.

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