The bill seeks to amend the existing law regarding community property as established by the 1947 Public Acts of Michigan. It clarifies that any property that was considered community property on May 10, 1948, will continue to be recognized as such and will remain subject to the provisions of the former 1947 PA 317. The bill introduces specific timelines and requirements for property to be classified as community property, stating that property acquired after May 9, 1948, must be deemed separate property unless a notice of claim is filed by either spouse or their heirs before May 10, 1949.

Additionally, the bill modifies the language surrounding the filing of claims and the execution of notices, ensuring that they must be in writing and filed with the appropriate county register of deeds. It also emphasizes that any disability or lack of knowledge does not suspend the time for filing a notice of claim. The amendments aim to streamline the process and clarify the rights and responsibilities of spouses regarding community property, while ensuring that the original intent of the 1947 law is preserved.

Statutes affected:
House Introduced Bill: 557.253, 557.254