A bill to amend 1998 PA 386, entitled “Estates and protected individuals code,” by amending section 5423 (MCL 700.5423), as amended by 2012 PA 173.
Amends the Estates and Protected Individuals Code (EPIC) to require a conservator that invested or reinvested estate property to invest with a brokerage firm that was insured by the United States Securities Protection Corporation and to prohibit a conservator from investing estate property in cryptocurrency.
Co-sponsored by Sens.
Referred to the Committee on Civil Rights, Judiciary, and Public Safety
Reported without amendment
Referred to the Committee of the Whole
Reported without amendment
Passed in the Senate 33 to 0 (details)
Referred to the Committee on Government Operations
