Sec. 13.
This act and any agreement under this act shall not be construed or interpreted to do any of the following:
(a) Give any designated beneficiary any rights or legal interest with respect to an account unless the designated beneficiary is the account owner.
(b) Give residency status to an individual merely because the individual is a designated beneficiary.
History: 2015, Act 160, Eff. Jan. 26, 2016